Thursday, 25, July, 2024

On August 18, President Shavkat Mirziyoyev signed the Additional measures to improve the mechanism for reforming enterprises and banks with the participation of the state Decree.

In March, Shavkat Mirziyoyev approved a list of 31 large enterprises with state shares to be reformed and improve operational efficiency in 2023-2025. Their shares from the State Assets Management Agency and other ministries (23 of them from the Ministry of Economy and Finance) were transferred to the balance sheet of the Presidential Agency for Strategic Reforms, which was entrusted with the task of reforming these companies. Among them are the Navoi and Almalyk mining and metallurgical plants, Uzbekugol, UzGasTrade and Uzbekneftegaz.

By a new document, the shares have been transferred to the balance of the Ministry of Economy and Finance (MEF), which will deal with the reform of enterprises.

List of organizations with the function of a shareholder in state

blocks of shares (stakes) of the Fund for Reconstruction and Development

Name of company Share, %
1. Agrobank 46,3
2. Asakabank 88,2
3. Sanoatqurilishbank 82,1
4. Xalq bank 78,5
5. Turonbank 90,1
6. Qishloqqurilishbank 23,9
7. Aloqabank 54,5
8. NBU 59,3
9. Microcreditbank 28,2
10. Uzbekistan Metallurgy Comlex 37,0

While, the president instructed the Uzbekistan Fund for Reconstruction and Development (UFRD) to transfer to the Ministry of Economy and Finance the functions of a shareholder and management of shares owned by the fund in nine banks and Uzmetkombinat, on the basis of a power of attorney for an unlimited period. We are talking about Agrobank, Asakabank, Uzpromstroybank, People's Bank, Turonbank, Qishloq Qurilish Bank, Aloqabank, NBU, Microcreditbank.

In the event of a change in the size of the state's share, the share shall be transferred to the management of the MEF.

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