Tashkent, Uzbekistan, June 10
By Demir Azizov- Trend:
The Uzbek National Bank for Foreign Economic Activity put up for sale the assets of its 17 enterprises of food, chemical and textile industry with the total starting price of over $140 million, according to the bank`s web-site.
The report said that, the sale will be implemented in the form of open auctions and the starting price of the enterprises makes up from $500,000 to $29 million. The first auction will be held on June 10 and the last on June 17.
In particular, "Fargona Kimyo Zavodi" LLC (Fergana region, a manufacturer of cotton cellulose) with the starting price of $28.997 million, "Namangan Toqimachi" LLC (Namangan) textile enterprises - $28.228 million, "Chinoz Textile" LLC (Tashkent region ) - $ 16.6 million.
As reported earlier, the implementation of bankruptcy of the enterprises by the commercial banks and as well as the transfer to the balance of banks of the enterprises having in accounts payable 70 percent and more debt on loans provided under the government's anti-crisis program to support the real sector of the economy of Uzbekistan.
In 2008 the Uzbek President signed a decree on the transfer of about 150 economically insolvent enterprises to the balance of the largest banks, including the NBU for the management, restructuring and modernization, as well as attracting investors with further implementation of their enterprises.
The National Bank of Uzbekistan was established in September 1991 as a government agent on the international financial markets and currently operates as a universal commercial bank. The bank's sole shareholder is the Cabinet of Ministers of Uzbekistan. The bank's structure is composed of 14 regional offices, 92 branches and subsidiary bank AsiaInvestBank in Moscow.
The bank serves about three million individuals and businesses. Correspondent relations have been established with 650 foreign banks.
In 2013, the total assets of Uzbek banks increased by 19.7 per cent compared to the totals in 2012 up to 11.305 trillion soum, the total loan portfolio by 24.2 per cent (up to 6.843 trillion soum) and the capital by 34.5 per cent (up to 1.177 trillion soum).
The official exchange rate on June 10 is 2304.44 soum / $ 1.
Edited by CN
