OREANDA-NEWS. August 04, 2009. A recent presidential resolution has stated the necessity of expansion of the issue by the country's commercial banks of long-term bonds to be floated among legal entities in 2009/10 in the volume of at least 110 billion soums.

As reported earlier, President of Uzbekistan Islam Karimov signed a resolution on 28 July 2009 to carry out additional measures to stimulate the increase of the share of long-term credits of commercial banks directed on financing of investment projects.

The necessity stated in the resolution has been submitted by the Central Bank of Uzbekistan, Uzbekistan Banking Association and commercial banks of the country in order to strengthen the long-term resource base of the banks.