OREANDA-NEWS. May 25, 2009. Central Bank of Uzbekistan re-issued licenses to three commercial banks of Uzbekistan in connection with the change in organizational structure of the banks.

Joint stock commercial bank Alokabank was reorganized into open joint stock commercial bank Alokabank, while Uzbek-German joint stock commercial bank Savdogar is now Uzbek-German open joint stock commercial bank Savdogar. Microcreditbank joint stock commercial bank was reorganized into Microcreditbank open joint stock commercial bank.

The Board of the Central Bank of Uzbekistan adopted decision to replace licenses on carrying of banking operations and general licenses on carrying out operations with hard currency.