Volume of Utilized Investment Credits Grows 2,3 Times in Uzbekistan
OREANDA-NEWS. July 21, 2010. Cabinet of Ministers of Uzbekistan held its session in Tashkent on 16 July to sum up results of socioeconomic development of the country in the first half of 2010 and reveal additional measures ensuring fulfillment of the most important priorities of the country's development program for 2010.
The meeting participants discussed the course of implementation of governmental decisions made within the Anti-Crisis Program on the increase of the capitalization of banks and expansion of their investment activity, attraction of long-term sources of credit resources for the sustainable crediting of economy branches in line with target parameters of economic growth.
It was noted that as a result of fulfilling these measures, the volume of population's deposits in banks has grown by 41.8% from the year beginning. The resources base of banks has been strengthened considerably, which allowed to ensure the increase of credit investments by 30.3%. The volume of utilized investment credits grew 2.3 times in the reporting period.
Heads of commercial banks in their statements paid special attention to additional measures on further strengthening the resource base of banks and expansion of credit support of the enterprises of economy's real sector, especially realizing investment projects on creation of new modern productions, modernization, technical and technological update of operating enterprises, including on the basis of bankrupts transferred to the balance of banks.
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