The first microfinance bank has been established in Uzbekistan

The Central Bank of Uzbekistan has granted an official license to the country’s first microfinance bank. This was reported by the National Bank.

Thus, "Tayabb Finans" microfinance organization changed its status and became the first institution to receive a banking status. The license was given to the Joint Stock Company "Tayabb Finans Microfinance Organization".

The organization has fully transformed its activities into a microfinance bank, and from now on will operate under the name "Tayanch". The Board of the Central Bank made this decision.

Necessary changes are currently being carried out promptly in the relevant registers.

Marifat Mahmanova

Editor of «ZAMIN.UZ»