On Measures to Further Increase the Investment Activity of Agrobank Joint-Stock Commercial Bank

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08.10.2008

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Decree of the President of the Republic of Uzbekistan

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ON MEASURES TO FURTHER INCREASE THE INVESTMENT ACTIVITY OF "AGROBANK" JOINT-STOCK COMMERCIAL BANK (heading in the edition of the Decree of the President of the Republic of Uzbekistan dated May 25, 2009 No. PF-4114 — O‘R QHT, 2009, No. 22, Article 257)

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In order to further increase the role of the banking system in implementing investment projects, develop the agrarian sector and processing industries of the economy, modernize production, and for technical and technological renewal, expand the opportunities for "Agrobank" Joint-Stock Commercial Bank to attract new investments, as well as to increase the effectiveness of the bank's participation in the comprehensive and deep development of the economy, the formation of basic infrastructure, and the consistent growth of export potential:
(introductory part in the edition of the Decree of the President of the Republic of Uzbekistan dated May 25, 2009 No. PF-4114 — O‘R QHT, 2009, No. 22, Article 257)

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07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.21.00.00 Banking Activity / 07.21.01.00 General Matters;
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07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.21.00.00 Banking Activity / 07.21.18.00 Regulation and Control by the Bank;
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07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.21.00.00 Banking Activity / 07.21.21.00 Other Matters of Banking Activity;
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07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.28.00.00 Investments and Attraction of Foreign Funds (also see 07.05.04.00, 09.12.03.00, 10.01.05.00) / 07.28.08.00 Other Investment Matters]

1. The following shall be considered the most important tasks in the field of investment activity of "Agrobank" Joint-Stock Commercial Bank:
   (first sub-paragraph of paragraph 1 in the edition of the Decree of the President of the Republic of Uzbekistan dated May 25, 2009 No. PF-4114 — O‘R QHT, 2009, No. 22, Article 257)

• implementing an active investment policy aimed at modernizing production and technical and technological renewal in the branches of the agro-industrial complex, attracting modern foreign technologies and equipment, thereby ensuring the production of high-quality, competitive products in world and domestic markets, and steadily enriching the domestic consumer market with local food products;

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• mobilizing the bank's own resources and using them effectively, as well as for implementing investment projects, ensuring the timely and full recovery of invested funds;
  (third sub-paragraph of paragraph 1 in the edition of the Decree of the President of the Republic of Uzbekistan dated May 25, 2009 No. PF-4114 — O‘R QHT, 2009, No. 22, Article 257)

• improving the mechanism for selecting, comprehensive assessment, and expertise of investment projects based on a deep analysis of the prospects for selling produced products in external and internal markets, ensuring an increase in the technical and technological level of production, and forecasting the financial benefits from the implementation of projects;

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(fifth sub-paragraph of paragraph 1 issued on the basis of the Decree of the President of the Republic of Uzbekistan dated August 16, 2024 No. PF-111 — , 16.08.2024, No. 06/24/111/0623)

• increasing the financial stability of agricultural commodity producers and enterprises processing agricultural products by providing them with a wide range of banking and consulting services, including the implementation of modern information and communication technologies, assisting in organizing exhibitions, fairs, and other forms of bringing their produced products to external and internal markets;

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• systematically retraining and improving the qualifications of bank employees on issues of selecting, expertise, and implementing investment projects, and strengthening the bank with highly qualified, proactive managers and specialists capable of effectively solving the tasks of advancing the bank's investment activity.
  (seventh sub-paragraph of paragraph 1 in the edition of the Decree of the President of the Republic of Uzbekistan dated May 25, 2009 No. PF-4114 — O‘R QHT, 2009, No. 22, Article 257)

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(Paragraph 2 in the edition of the Decree of the President of the Republic of Uzbekistan dated May 25, 2009 No. PF-4114 — O‘R QHT, 2009, No. 22, Article 257)

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07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.01.00 Types of Securities / 07.24.01.02 Shares and Bonds]

3. The proposal of the Ministry of Finance of the Republic of Uzbekistan, the Central Bank, the Restoration and Development Fund, and "Agrobank" Joint-Stock Commercial Bank regarding the additional placement of "Agrobank" Joint-Stock Commercial Bank shares in 2009 in the volumes specified in the Appendix is approved.
   (Paragraph 3 in the edition of the Decree of the President of the Republic of Uzbekistan dated May 25, 2009 No. PF-4114 — O‘R QHT, 2009, No. 22, Article 257)

4. The Central Bank of the Republic of Uzbekistan, together with the Ministry of Justice and interested ministries and departments, shall submit proposals to the Cabinet of Ministers on amendments and additions to legislative acts arising from this Decree within one month.

5. Control over the execution of this Decree shall be assigned to the First Deputy Prime Minister of the Republic of Uzbekistan R.S. Azimov and the Chairman of the Central Bank of the Republic of Uzbekistan F.M. Mullajanov.

President of the Republic of Uzbekistan I. KARIMOV

Tashkent city,

October 8, 2008,

Decree No. PQ-975

APPENDIX 1
to the Decree of the President of the Republic of Uzbekistan dated October 8, 2008 No. PQ-975

Shares of "Agrobank" Joint-Stock Commercial Bank to be additionally placed in 2009

VOLUME

No.

Name of Shareholders

Amount

(billion UZS)

1.

Ministry of Finance of the Republic of Uzbekistan

25

2.

Restoration and Development Fund of the Republic of Uzbekistan

19

3.

"Uzpachtasanoat" Association

5

4.

"Uzagrosuqurta" State Joint-Stock Insurance Company

1

Total

50

Appendix 1 is an unofficial translation.
(Collection of Legislation of the Republic of Uzbekistan, 2008, No. 40-41, Article 409; 2009, No. 22, Article 257; , 16.08.2024, No. 06/24/111/0623)