RESOLUTION OF BOARD OF CENTRAL BANK OF THE REPUBLIC OF UZBEKISTAN

of June 23, 2012 No. 19/3

About approval of the Regulations on procedure for classification of assets, creation and use of reserves on possible losses on assets in microcredit institutions

According to the laws of the Republic of Uzbekistan "About the Central bank of the Republic of Uzbekistan" (Sheets of Oliy Majlis of the Republic of Uzbekistan, 1995, No. 12, the Art. 247), "About microcredit institutions" (Collection of the legislation of the Republic of Uzbekistan, 2006, No. 37-38, of the Art. 372), the resolution of the President of the Republic of Uzbekistan of November 26, 2010 No. PP-1438 "About the priority directions of further reforming and increase in stability of financial bank system of the republic in 2011 - 2015 and achievements of high international rating rates" (2010, No. 48, the Art. 442) the Board of the Central bank of the Republic of Uzbekistan decides collection of the legislation of the Republic of Uzbekistan:

1. Approve Regulations on procedure for classification of assets, creations and uses of reserves to possible losses on assets in microcredit institutions it agrees prilozheniyu*.

2. This resolution becomes effective after ten days from the date of its state registration in the Ministry of Justice of the Republic of Uzbekistan.

* Appendix is given in Uzbek.

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info