Industry Financial services Number of employees 9,191 Height 108 m Headquarters Tashkent Number of locations 96 | Key people S. Rahimov Website www.nbu.com/en Floors 26 Founded 1991 | |
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Subsidiaries NBU Investment OJSC, JSC Uzinvest Project Similar Amir Timur Museum, Tashkent Tower, Bodomzor, Museum of Victims of Repressions, Tashkentland | ||
National Bank of Uzbekistan (NBU) is an Uzbekistan bank established by the Uzbekistani government and is the largest investment institutions in the country. Its primary mission is to service foreign trade operations, to increase the export potential of the republic and attract foreign investments.
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NBU combines the functions of project finance, universal commercial banking, investment and savings banks and is instrumental in the development of a market-oriented economy in Uzbekistan. It was the first bank in Uzbekistan to adopt International Financial Reporting Standards (IAS). It has a network of 96 offices giving it a nationwide presence catering to both corporate and retail clients and is ranked 862 in The Banker's Top 1000 world's largest banks.
NBU has a subsidiary in Moscow called Asia-Invest Bank, which is one of the Top 200 Russian banks. The bank has relationships with 560 correspondent banks.
History
The National Bank of Uzbekistan was established by Presidential Decree in 1991.
In 2004 the Bank has shown positive dynamics of development and strengthened its position in the Republican financial market.
Operations
The consolidated balance of the National Bank in terms of US dollars comprised 2,929 million.
During the reporting year Bank’s capital of Bank has increased by US$ 11 million and as of 01.01.2005 made up US$ 485 million.
As for January 1, 2005 credit portfolio volume totaled 2, 418.4 billion Soum (if compared with January 1, 2004 — 2,312.3 billion Soum).
By 2014 the bank serviced more than 70% of Uzbekistan's foreign trade turnover offering guarantees, forfeiting, factoring and direct lending to domestic exporters. Using credit lines offered by the European Bank for Reconstruction and Development, Asian Development Bank and the International Finance Corporation, the bank finances investment projects involving the construction, modernization and technical re-equipment of industries as well as purchase of raw materials.