The investment activities of banks and their contribution to ensuring employment of the population were considered

On May 20, President Shavkat Mirziyoyev got acquainted with a presentation on the participation of banks in attracting foreign investment, the press service of the head of our state reports.

Thanks to the favorable investment environment, financial stability and activity of banks are growing in our country. In particular, over the past 5 years, the capital of banks has doubled, their loan portfolio has increased by 2.3 times, and the volume of annual lending has increased by 1.8 times.

Four banks issued Eurobonds for the first time and raised $1 billion 300 million. Last year, banks attracted $3.8 billion in foreign loans, and their large clients directly attracted $6 billion without government guarantees.

In modern conditions, it is necessary to expand these activities and implement projects efficiently.

The presentation provides information on the activities of the National Bank of Uzbekistan and Uzpromstroybank in this direction.

This year, the National Bank plans to implement projects worth $6 billion.

Thus, it is planned to implement 526 projects worth 2.1 trillion soums in the jewelry industry and more than 40 thousand projects in the service sector through loans worth 41.8 trillion soums. As a result, over 2.5 million people are expected to be employed.

Uzpromstroybank plans to attract $3 billion 100 million from the international financial market this year. The bank’s clients have begun implementing investment projects with a total value of $4 billion 800 million.

Thus, the bank plans to attract 2 billion 800 million dollars of foreign investment in 2024–2025 within the framework of 529 projects in the construction materials industry, which will create 25 thousand jobs.

The National Bank promotes employment of the unemployed population in 967, Uzpromstroybank – in 727 mahallas. It is also important that thanks to the deployment of work by banks at the grassroots level, business structures are emerging from the “shadow”.

The presentation also pointed out the need for systematic monitoring of clients’ investment projects and prompt resolution of emerging problems.

The importance of comprehensive support for entrepreneurs at all levels – from district to republican, and increasing their financial and innovative awareness was emphasized.