15 November 2019

A mortgage refinancing company has been established in Uzbekistan

The Government Resolution "On measures to organize the activities of the joint-stock company "Uzbekistan Mortgage Refinancing Company" was adopted (No. 868, 14.10.2019).

According to the resolution, a refinancing credit institution, the Uzbekistan Mortgage Refinancing Company, was established in the form of a joint-stock company with an initial authorized capital of 25 billion soums.

The Ministry of Finance acts as a shareholder on behalf of the state in the authorized capital of the company.

One of the main objectives of the Company is to provide financial resources to commercial banks based on market principles to meet the population's need for affordable housing.

In accordance with the resolution, the Company is exempt from paying fees for state registration of issues of securities and fees for reviewing documents related to the issue of securities.