“New Bank” license revoked

According to the decision made by the Central Bank on January 15, the banking license of “Yangi Bank” Joint Stock Company has been revoked. This was reported by Zamin.uz.

The main reason for this decision was that the bank's authorized capital did not reach the minimum amount established by law and some legal requirements were not met. Within the framework of this decision, the bank’s operations will be terminated in the prescribed manner, and a liquidation commission has been established.

To protect the interests of depositors, the following measures will be taken: out of a total of 32,526 depositors, 31,153 will be fully reimbursed for their deposits guaranteed by the state. The deposits exceeding 200 million soums of the remaining 373 depositors are planned to be returned in accordance with the procedures and terms established by law.

All stages of this process will be carried out under the supervision of the Central Bank. This situation once again demonstrates the necessity of ensuring reliability in the banking system and strictly complying with legal requirements.