Amendments to the Regulation on Classification of Asset Quality and Formation of Reserves for Potential Losses in Commercial Banks

Resolution of the Board of the Central Bank of the Republic of Uzbekistan, registered on October 10, 2017, registration number 2696-1

Date of Entry into Force

October 11, 2017

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

On Amendments to the Regulation on the Classification of Asset Quality in Commercial Banks and the Procedure for Forming Reserves for Potential Losses on Assets and Their Use

[Registered by the Ministry of Justice of the Republic of Uzbekistan on October 10, 2017, registration number 2696-1]

In accordance with the Law of the Republic of Uzbekistan "On the Central Bank of the Republic of Uzbekistan" and the Resolution of the President of the Republic of Uzbekistan No. PQ-3270 dated September 12, 2017 "On Measures for Further Development and Increasing the Stability of the Republic's Banking System", the Board of the Central Bank of the Republic of Uzbekistan resolves:

1. Amendments to the Regulation on the Classification of Asset Quality in Commercial Banks and the Procedure for Forming Reserves for Potential Losses on Assets and Their Use, approved by Resolution No. 14/5 of the Board of the Central Bank of the Republic of Uzbekistan dated June 13, 2015 (registration number 2696, July 14, 2015) (Collection of Legislation of the Republic of Uzbekistan, 2015, No. 28, Article 374), shall be made in accordance with the Appendix.

2. This Resolution shall enter into force from the date of its official publication.

Chairman of the Central Bank M. NURMURATOV

Tashkent city,

September 23, 2017,

No. 26/6

APPENDIX

To the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated September 23, 2017, No. 26/6

Amendments to the Regulation on the Classification of Asset Quality in Commercial Banks and the Procedure for Forming Reserves for Potential Losses on Assets and Their Use

In paragraph 1:

the seventh sub-paragraph shall be deleted;

the eighth sub-paragraph shall be considered the seventh sub-paragraph.

Chapter 7
shall be deemed to have lost its force.
(National Database of Legislative Acts, October 11, 2017, No. 10/17/2696-1/0091)