Nine banks in Uzbekistan received warning letters from the Central Bank threatening with sanctions and an export ban, the press service of the money regulator reports.
NBU, Aloqabank, Turonbank, SQB and Asakabank received warnings for lack of provisions to cover financial losses, insufficient analysis of credit risk mitigation, insufficient analysis for the early identification of problem loans, insufficient level of credit monitoring, information system and collection of credit debts.
Private banks - Kapitalbank, Anorbank and Ravnaq-bank - were warned with economic sanctions and a ban on export transactions for the shortcomings in the risk management system.
Cash U Mikromoliya Tashkiloti was fined 30 million soums for failing to provide reliable and understandable information about services in a timely manner and for violating consumer rights to receive reliable and complete information about the service.
The Central Bank also revoked E-services House's license, payment organization, for a late start of its activities established by law.
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