In November, the relevant committee under the Central Bank of Uzbekistan reviewed the results of inspections conducted within the financial system. As a result of identified violations, financial penalties were imposed on four commercial banks. These decisions are explained as measures aimed at strengthening compliance with established requirements and standards in banking operations.
Additionally, during the inspections, one microfinance organization and one payment organization received official warnings due to identified shortcomings. Through such measures, the Central Bank aims to encourage market participants to act responsibly and adhere strictly to legislation.
The committee's meeting did not solely focus on punitive measures. A total of 31 important issues were reviewed. These included matters such as introducing amendments and additions to bank charters, registering new credit and microfinance organizations with the government, and approving agreements related to ownership shares.
Moreover, discussions were held on issuing certifications to auditors and approving candidates recommended for leadership and other significant positions within the banking system. In summary, the Central Bank operated in an active mode throughout November, focusing on strengthening order and ensuring stability in the financial market. It is clear that such monitoring measures will continue in the coming months — where rules exist, there is no room for leniency.
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