Banking and financial institutions of Uzbekistan carry out an extensive work to improve the welfare of families, and further improve their living conditions. The national program the Year of Family is an important guide for action. National Press Center of Uzbekistan hosted a press conference on the role of banks in ensuring the implementation of the national program.

In 2012, commercial banks financed the construction of a hundred of 48-apartment buildings. Young families were allotted nearly 210 billion soums (official exchange rate $1=1984 UZS) of mortgage loans for a period of 15 years to purchase dwelling. Young families are also provided loans under 200 - fold minimum wage for up to three years to purchase domestic durable consumer goods,” said Shuhrat Haydarov, Deputy Chairman of the Central Bank of the Republic of Uzbekistan.

Under the program the Year of Family, for eleven months of 2012 almost five trillion soums have been allocated to small businesses, 956 billion soums allotted for the development of family business, thanks to which thousands of families could launch their business, establish their personal subsidiary plots.

Analysis of consumer and mortgage loans of the banking system shows that these services are used by all population strata. This year, for instance, over 320 billion soums of consumer loans were aimed at improving the living conditions of families in remote villages, and raising the living culture of the population. These funds are allocated in 50-fold the minimum wage for a period of up to 3 years, which is very convenient for people.

The participants exchanged views on how to further improve the business environment, create the most favorable conditions for bank customers, expand the range of services and improve their quality. (Source: Uzbekistan Today newspaper)