First slide После первого Second slide Third slide Fourth slide Fifth slide Sixth slide Seventh slide Eighth slide
Home Mission Cooperation with International Organisations News and events About Uzbekistan Photo gallery

President criticizes the banking system

2020 - Year of active investment and social development 2020 - Year of active investment and social development Decrees of the President of the Republic of Uzbekistan Meetings Meetings The international cooperation The international cooperation Millenium development goals Millenium development goals Press-releases Press-releases Mission News Mission News The Strategy of Actions on Further Development The Strategy of Actions on Further Development Parliamentary Elections 2019 Parliamentary Elections 2019 Independence Day of the Republic of Uzbekistan Independence Day of the Republic of Uzbekistan Uzbekistan's Candidacy to Human Rights Council Uzbekistan’s Candidacy to Human Rights Council Tourism Tourism December 8 - Constitution Day of the Republic of Uzbekistan December 8 - Constitution Day of the Republic of Uzbekistan Press Digests of Uzbekistan Press Digests of Uzbekistan Other news and events Other news and events
show all useful links
President criticizes the banking system

Special attention in the President’s Address is also paid to issues of privatization, attracting foreign investment, reducing debt, reforming organizations that are under state administration, developing transport, energy, construction, including roads and education.

"We need to take decisive measures to develop science and capital market”, says Shavkat Mirziyoyev. “If we do not develop these areas, we will not be able to achieve our goal. Unfortunately, banking system is 10-15 years behind the current requirements for development of digital technologies, introduction of new banking products and software. Some may not like it, but the fact is that the banking system is lagging behind. We use the old system. There are no laws, no progress, and no personnel. If new types of services are not introduced in the banking sector, how will we achieve economic stability?

It was noted that starting from 2020, each Bank will implement a large-scale transformation program, with the focus on improving the resource base and profitability.

“If banks can’t provide customers with any services, why do we need them?” asked the President.

UZA