National Bank of Uzbekistan

National Bank of Uzbekistan
Industry	Financial services
Founded	1991 (1991)
Headquarters	Tashkent, Uzbekistan
Number of locations	96
Key people	S. Rahimov
Number of employees	9,191 ^[1]
Website	www.nbu.com/en

National Bank of Uzbekistan (NBU) is a Uzbekistan bank established by the Uzbekistani government and is the largest investment institutions in the country. Its primary mission is to service foreign trade operations, to increase the export potential of the republic and attract foreign investments.

NBU combines the functions of project finance, universal commercial banking, investment and savings banks and is instrumental in the development of a market-oriented economy in Uzbekistan. It was the first bank in Uzbekistan to adopt International Financial Reporting Standards (IAS). It has a network of 96 offices giving it a nationwide presence catering to both corporate and retail clients and is ranked 862 in The Banker's Top 1000 world's largest banks.

NBU has a subsidiary in Moscow called Asia-Invest Bank, which is one of the Top 200 Russian banks. The bank has relationships with 560 correspondent banks.

History

The National Bank of Uzbekistan was established by Presidential Decree in 1991.

In 2004 the Bank has shown positive dynamics of development and strengthened its position in the Republican financial market.

Operations

The consolidated balance of the National Bank in terms of US dollars comprised 2,929 million.

During the reporting year Bank’s capital of Bank has increased by US$ 11 million and as of 01.01.2005 made up US$ 485 million.

As for January 1, 2005 credit portfolio volume totaled 2, 418.4 billion Soum (if compared with January 1, 2004 — 2,312.3 billion Soum).

By 2014 the bank serviced more than 70% of Uzbekistan's foreign trade turnover offering guarantees, forfeiting, factoring and direct lending to domestic exporters. Using credit lines offered by the European Bank for Reconstruction and Development, Asian Development Bank and the International Finance Corporation, the bank finances investment projects involving the construction, modernization and technical re-equipment of industries as well as purchase of raw materials.

Ratings

Credit ratings (on 31 May 2013)
National Bank of Uzbekistan
Agency	Rating	Evaluation
Moody’s	The outlook for all ratings	Stable
	On deposits in national currency	B1
	On deposits in foreign currency	B2
	Financial stability of the bank (BFSR)	E+
Standard & Poor's	Long-term rating	B+
Standard & Poor's	Short-term rating	B

Refs

↑ Financing Institutions in Asia and the Pacific

Commercial Banks in Uzbekistan

In alphabetical order, as of August 2016

Agrobank Aloqabank Asakabank Asia Alliance Bank Bank Saderat Tashkent Davr Bank Hamkorbank Hi-Tech Bank Invest Finance Bank Ipak Yuli Bank Ipoteka Bank Kapitalbank KDB Bank Uzbekistan Microcreditbank NBU Orient Finans People’s Bank Qishloq Qurilish Bank Ravnaq-bank Savdogar Trustbank Turkistan Bank Turon Bank Universalbank UTBANK Uzpromstroybank

Source: Central bank of Uzbekistan

Coordinates: 41°20′09″N 69°17′01″E / 41.33583°N 69.28361°E / 41.33583; 69.28361

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