NB of Uzbekistan Attracts Free Money of Individuals to Deposits
OREANDA-NEWS On 25 February was announced, that National Bank of Uzbekistan for Foreign Economic Activity (NBU) currently offers over 75 types of retail services to individuals, including deposits in national and hard currency, credits, soum and international plastic cards, money transfer, etc.
NBU has been leading in deposits market in Uzbekistan since 2000. In 1998-2008, the volume of deposits in national and hard currency rose from 1 billion soums to 257 billion soums. As of 1 January 2008, NBU holds one fifth of total deposits of the Uzbek commercial banks.
The bank said the volume of deposits of individuals in national and hard currency grew by 22 billion soums in 2008.
Total number of clients rose 12 times and 1.2 times in 2008. As of 1 January 2009, their total number comprised 1.81 million.
Currently, NBU has 14 deposits in national currency with interest rate from 16% to 18% APR and 19 hard currency deposits with interest rates up to 7% APR.
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