Banks in Uzbekistan Named as Organisations of Public Significance

Uzbekistan’s Ministry of Justice has registered a resolution setting out the criteria for organisations deemed to be of public significance. The category includes stock exchanges, banks and microfinance institutions.

The status also applies to companies whose shares are publicly traded, factoring firms, mortgage organisations and payment systems. Enterprises with state participation are included as well, provided their assets exceed 1 million base calculation units and their annual net income is above the same threshold.

The list further covers organisations that meet at least one of the criteria over a two-year period, including assets of no less than 1 million base calculation units, annual net income above that level or an average workforce of at least 500 employees.

Companies that qualify under these rules will be entered into a dedicated register. The Ministry of Economy and Finance will be responsible for maintaining and updating the register.

Kursiv also reports that Uzbekistan plans to privatise five state-owned banks under the updated Uzbekistan–2030.