The Banking Supervision Committee of the Central Bank of Uzbekistan imposed fines on eight credit organizations in October for failing to comply with legislation and prudential standards.
Fines were issued to 6 banks and 2 microfinance organizations. Another bank and one MFI received warnings. The penalties were applied for deficiencies identified during inspections and non-compliance with the regulator’s directives.
In October, the Banking Supervision Committee held six meetings and reviewed 43 matters, including registration and licensing procedures, as well as the financial condition of credit and payment institutions.
