• Sign in
  • 1751972643_633.png 1751972643_245.png 1751959824_218.svg 1751959824_520.svg

  • Latest news
  • Top headlines
  • Most read
  • Columnists
O'zbekcha
Ўзбекча
Русский
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • Latest news
  • Top headlines
  • Most read
  • Columnists
    • USD12653.32
    • RUB161.89
    • EUR14822.1
    • Google play
    • App Store
    • Telegram
    • Tashkent
      +28°C
      • Andijan
      • Karshi
      • Bukhara
      • Samarkand
      • Ferghana
      • Sirdarya
      • Jizzakh
      • Termez
      • Namangan
      • Tashkent
      • Navoiy
      • Tashkent reg
      • Nukus
      • Urgench
    • Daryo
      • About Daryo
      • Editorial office
      • Contact us
      • Terms of use
      • Privacy policy
      • News archive
    • Advertisement
    • Social networks
      • Instagram | Main
      • Instagram | Lifestyle
      • Instagram | Sport
      • Facebook | Main
      • OK | Main
      • YouTube | Daryo
      • YouTube | Daryo in Russian
      • YouTube | Daryo Global
    Telegram Youtube Facebook Instagram Twitter vkontakte
    Daryo logo white
    • Uzbekistan
      • Others
      • Navoi
      • Tashkent region
      • Syrdarya
      • Jizzakh
      • Kashkadarya
      • Surkhandarya
      • Khorezm
      • Bukhara
      • Samarkand
      • Namangan
      • Fergana
      • Andijan
      • Karakalpakstan
      • Tashkent City
      • DaryoKindness
      • Weather
    • Central Asia
      • Uzbekistan
      • Afghanistan
      • Kyrgyzstan
      • Kazakhstan
      • Turkmenistan
      • Tajikistan
    • World
    • Money
      • Business
      • Economics
      • Finance
      • Crypto
    • Culture
      • Movies
      • Books
      • Music
      • Celebrities
    • Lifestyle
      • Women only
        • Children
        • Beauty
        • Carrier
        • Advises
        • Fashion
        • Recipes
      • Technology
        • Architecture
        • Gadjets
        • Science
        • Space
        • Media
      • Auto
      • Entertainment
      • Travel
      • Health
      • Education
        • Entrant
        • Learn english
    • Sport
      • Football
      • UFC
      • Boxing
    infinix
    Daryo.uz - Login
    Daryo.uz Daryo.uz
    Daryo.uz - Login
    Finance

    Central Bank of Uzbekistan annuls Turkistonbank and Hi-tech Bank’s banking activities licenses

    Central Bank of Uzbekistan annuls Turkistonbank and Hi-tech Bank’s banking activities licenses

    Based on the decision of the Central Bank Board dated October 7, 2022, the banking activities licenses of "Turkistonbank" and "Hi-tech Bank" were revoked.

    Ranked 26th and 29th "Turkistonbank" and "Hi-tech Bank" respectively in the banking system of Uzbekistan, the financial institutions had continuously committed violations specified in Articles 54 and 77 of the Law "On Banks and Banking Activities":

    • lack of sufficient reserves against possible losses on bank assets;
    • suffered a loss of more than fifty per cent of its regulatory capital;
    • violation of the rights and legal interests of consumers of banking services;
    • that the accounting is conducted with violations that lead to the violation of reporting information and do not allow reflecting the real financial situation of the bank;
    • failure to comply with the instructions of the Central Bank on the elimination of gross violations in banking activities within the specified period;

    It is noted that after the Central Bank imposed a fine for a serious violation, the Board of the Central Bank made this decision due to repeated violations of the same violation.

    Based on the above-mentioned decision of the Central Bank, the liquidation commission of "Turkistonbank" and "Hi-tech Bank" was appointed.

    Pursuant to the Law "On Banks and Banking Activities", the powers of bank management, including the general meeting of bank shareholders, the supervisory board and the board, were transferred to this commission.

    Information for depositors:

    All funds of "Turkistonbank" and "Hi-tech Bank" depositors will be fully returned after 2 months.

    The return of savings funds to the population is carried out by the Citizens' Bank Deposit Guarantee Fund in accordance with the procedure established by this law.

    Detailed information on the return of deposits can be obtained through the hotlines of the Central Bank of Uzbekistan 71-200-00-44, 71-236-75-24.

    07.10.2022, 12:24   Comments (0)   1397
    Facebook Twitter LinkedIn Telegram Email

    Comments (0)

    Sign in
    Leave A Reply Cancel

    On this topic

    CBU: 76% of educational loans allocated to women for 2022-2023 academic year

    29.09.2022, 02:54

    South Korean top bank aims to open branch bank in Uzbekistan

    27.09.2022, 20:08

    Moscow Stock Exchange has temporarily suspended trading in Uzbek soum

    05.09.2022, 14:33

    CBU: Problem loans begin to rise reaching 16.9 trln soums

    25.08.2022, 12:53

    CBU: "34.4 % of total borrowings are preferential loans which are too high"

    23.08.2022, 11:31

    IT exports of Uzbekistan skyrockets hitting 271 percent

    18.08.2022, 19:00
    ×Lightbox Image

    Daryo.uz | Solution to your problems


    Don't want to waste time standing in lines? Pay your utility bills through the Ipoteka Retail mobile app?


    Beeline Uzbekistan started 2025 with a significant network modernization


    Beepul 's rising popularity: 3.5x user growth, transaction up 2.3x in 2024


    More than 500,000 new users: residents of Uzbekistan choose the Hambi superapp

     

    Recommended

    Iran as the pressure point: How Washington’s campaign against Tehran seeks to undercut China and Russia - and why Central Asia risks the fallout

    19 June, 12:24

    "Visa simplification with Uzbekistan could be on the table," EU Ambassador Klaar points out

    11 June, 12:12

    “Uzbekistan is undergoing large-scale reforms and transformation,” says EU business leader at TIIF

    11 June, 08:34

    Central Bank warns half of monthly income goes to loans as debt burden rises in Uzbekistan

    3 June, 12:34
     
     
     

    Latest news

    Uzbekistan responds to UN opinion on Karimova case, cites compliance with legal procedures

    Uzbekistan | 9 July, 18:10

    Uzbekistan’s IT Park adds 58 export-focused firms in June, including 29 with foreign capital

    Uzbekistan | 9 July, 17:02

    Azerbaijan vs Russia: why a bilateral quarrel is reverberating across Central Asia

    World | 9 July, 15:42

    Uzbekistan and Azerbaijan aim to host FIFA U-20 World Cup 2027 with joint bid

    Uzbekistan | 9 July, 14:33

    Uzbekistan’s population nears 38mn as of July 1, 2025

    Uzbekistan | 9 July, 13:31

    Uzbekistan residents worry over utility and fuel costs as Central Bank survey shows mixed inflation expectations

    Uzbekistan | 9 July, 12:00

    Mirziyoyev reviews crime prevention progress in Uzbekistan, calls for expanded measures

    Uzbekistan | 9 July, 10:30
    Daryo About Us

    Full reproduction or partial quoting of material, as well as the use of photographic, graphic, audio and/or video materials of Daryo (the Uzbek Press and Information Agency (UzAPI, now the Agency for Information and Mass Communications under the Presidential Administration of the Republic of Uzbekistan) is registered on 13.03.2015 with certificate number No. 0944 as a mass media) is allowed if there is a hyperlink to the website daryo.uz and/or are accompanied by a note indicating the authorship of the online publication Daryo. Individual publications may contain information that is not intended for users under the age of 18. Info@daryo.uz

    Telegram Youtube Facebook Instagram Twitter vkontakte

    © Simple Networking Solutions, 2013–2025

    Age restriction

    Did you find a bug? Press Ctrl + Enter

    • Terms of use
    • Privacy policy
    • Advertisement
    What are we going to search for?

    Sign In or Register

    Welcome Back!

    Login below or Register Now.

    Google

    or with email

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Register Now

    Already registered? Login.

    Google

    or with email

    A password will be e-mailed to you.

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Found an error in the text?

    ×

    Thank you. We have received your message and will fix the error as soon as possible.