• Hot topics
  • Financial liberalization: Developing the retail banking business in Uzbekistan

Financial liberalization: Developing the retail banking business in Uzbekistan

06.06.2013

Financial liberalization: Developing the retail banking business in Uzbekistan

Small and private business development is becoming an increasingly important factor in economic growth and job creation in Uzbekistan. Between 2000 and 2012 the sector’s contribution to GDP has risen from 31 to 54.6%, and to job creation, from 49.7 to 76%.

The sector’s dynamic development is imposing higher demands on retail banking, which consists of providing services to private individuals and to sole proprietors.

Learn more on CER's contribution and share your opinion on Transformation blog.