18 banks were fined for violations

The Central Bank conducted monitoring in September and October regarding the procedure for posting information on the official websites of commercial banks. This was reported by Zamin.uz.

The results of this inspection were published, revealing a number of violations. During the monitoring, non-compliance with the requirements of the Law "On the State Language" and failure to provide complete and transparent information were recorded in 18 banks.

Each of these banks was fined 102 million soums. It was found that some banks did not provide information in the state language on their official websites or did not publish information about the procedure for phased release of credit collateral.

Violations were recorded in the following banks: Agrobank, Anor Bank, Hayot Bank, Universal Bank, Garant Bank, Asakabank, Turonbank, Infinbank, Mikrokreditbank, Trustbank, Madad Invest Bank, Saderat Bank, Orient Finans Bank, Ipoteka Bank, Tenge Bank, Ziraat Bank Uzbekistan, AVO Bank, and Open Bank. The Central Bank once again reminded commercial banks of the strict necessity to comply with legal requirements and to post information provided to the public in a complete, accurate, and transparent manner.

These requirements are aimed at ensuring the transparency of banks' activities and protecting the rights of customers.