Fitch Ratings: Uzbek Banks Stable, But Fast Growth and FC Lending Pose Risks
Tashkent, Uzbekistan (UzDaily.com) -- The sector outlook for Uzbek banks remains stable after 2018 results confirmed solid asset quality and profitability Fitch Ratings says. However, capitalisation and liquidity are modest, and there are risks from rapid loan growth (51% in 2018) and foreign-currency (FC) lending.
Webster American University opens branch in Uzbekistan
Tashkent, Uzbekistan (UzDaily.com) -- On 5 February 2019, the Embassy of Uzbekistan to the United States held a ceremony of signing of the General Agreement on provision of educational services and the Agreement on the use of premises between the Ministry of Higher and Secondary Specialized Education of the Republic of Uzbekistan and Webster University.