Region

Jurisdiction

Regulator

2017-06-24 | 14/17

Added 2026-08-13 · Updated 2026-08-20

Amendments and Additions to the Regulation on Requirements for Commercial Bank Capital Adequacy

The Central Bank of Uzbekistan amends the Regulation on Requirements for Commercial Bank Capital Adequacy by redefining capital reserves to include undistributed profits of previous years, updating cross-references to specific paragraphs, and excluding certain investments in companies formed from bankrupt enterprise assets from Tier 1 capital deductions. The regulation also removes the phrase "or restructured" from risk-weighted asset calculations and adjusts references to paragraph numbers and risk categories for low-risk countries. These amendments enter into force on the date of official publication and will cease to be valid on January 1, 2026.

Uzbekistan

Central Bank of the Republic of Uzbekistan

Resolution of the Board of the Central Bank of the Republic of Uzbekistan, registered on July 7, 2017, registration number 2693-1

Date of Entry into Force

10.07.2017

All

01.01.2026

10.07.2017

View

Russian Uzbek Uzb Uzb|Russian

Document loses force 01.01.2026

[ OKOB: 1. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.19.00.00 Banking System / 07.19.02.00 Commercial Banks. Private Banks. Foreign Banks; 2. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.19.00.00 Banking System / 07.19.03.00 Bank Reserves and Funds. Capitalization; 3. 21.00.00.00 Comprehensive Documents on Amendments and Additions / 21.04.00.00 Departmental Normative-Legal Documents] [ TSZ: 1. Finance / Banks and other credit institutions. Credits]

Resolution of the Board of the Central Bank of the Republic of Uzbekistan

On Amendments and Additions to the Regulation on Requirements for Commercial Bank Capital Adequacy

[Registered by the Ministry of Justice of the Republic of Uzbekistan on July 7, 2017, registration number 2693-1]

This resolution is based on Resolution No. 21/6 of the Board of the Central Bank of the Republic of Uzbekistan dated October 2, 2025, "On Approval of the Regulation on Requirements for Bank Capital Adequacy" (registration number 3697, dated 28.10.2025), and will cease to be in force on January 1, 2026.

In accordance with the Law of the Republic of Uzbekistan "On the Central Bank of the Republic of Uzbekistan", the Law of the Republic of Uzbekistan No. URQ-428 dated April 12, 2017 "On Courts", laws amending the Civil Procedure Code and the Economic Procedure Code of the Republic of Uzbekistan, and the Decree of the President of the Republic of Uzbekistan No. PF-5022 dated April 20, 2017 "On Further Expansion of Mechanisms for Supporting Economically Weak Enterprises and Encouraging the Organization of New Production Capacities Based on Real Estate Objects of Commercial Banks", the Board of the Central Bank of the Republic of Uzbekistan resolves:

Amendments and additions shall be made to the Regulation on Requirements for Commercial Bank Capital Adequacy, approved by Resolution No. 14/3 of the Board of the Central Bank of the Republic of Uzbekistan dated June 13, 2015 (registration number 2693, July 6, 2015) (Collection of Legislation of the Republic of Uzbekistan, 2015, No. 27, Article 360), in accordance with the Appendix.
This resolution enters into force from the date of its official publication.

Chairman of the Central Bank M. NURMURATOV

Tashkent city,

June 24, 2017,

No. 14/17

APPENDIX

To Resolution No. 14/17 of the Board of the Central Bank of the Republic of Uzbekistan dated June 24, 2017

Amendments and Additions Being Made to the Regulation on Requirements for Commercial Bank Capital Adequacy

In paragraph 2:

the third bullet point shall be stated in the following wording:

"capital reserves — reserves formed from net profit or undistributed profit of previous years after payment of taxes and other mandatory payments. They may be used to cover any losses arising in banking activity immediately upon their occurrence without any restrictions;";

the fourth bullet point shall be supplemented with the words "or undistributed profit of previous years" after the word "profit".

The words "paragraphs 10 and 11" in paragraph 13 shall be replaced with the words "paragraphs 11 and 12".

The fifth bullet point of paragraph 16 shall be stated in the following wording:

"In this regard, investments by banks into companies formed on the basis of property of manufacturing bankrupt enterprises sold to banks in competitive tenders in accordance with the Decree of the President of the Republic of Uzbekistan No. PF-4053 dated November 18, 2008 "On Measures to Further Increase the Financial Stability of Enterprises of the Real Sector of the Economy", as well as into companies formed on the basis of property of manufacturing bankrupt enterprises accepted onto the balance sheet of creditor banks at their liquidation value in accordance with the decisions of economic courts, in accordance with the Procedure for Selling Economically Weak Enterprises to Banks in Competitive Tenders approved by the Order of the President of the Republic of Uzbekistan No. F-4010 dated November 19, 2008, are not included in the deductions from Tier 1 capital.".

The number "15" in the sixth bullet point of paragraph 20 shall be replaced with the number "16".
The second bullet point of paragraph 21 shall be stated in the following wording:

"all requirements imposed on banks in countries with low risk levels, including loans and money market instruments;".

In paragraph 23:

the words "paragraphs 19 — 21" in the second bullet point shall be replaced with the words "paragraphs 20 — 22";

the words "or restructured" shall be deleted from the fourth bullet point.

The words "share of core capital in regulatory capital" in the table of paragraph 37 shall be replaced with the words "core capital". (Collection of Legislation of the Republic of Uzbekistan, 2017, No. 27, Article 632)