On March 18, President of Uzbekistan Shavkat Mirziyoyev signed a decree on accelerating the privatization of state assets. A public offering (IPO) of shares of JSCB “Qishloq Qurilish Bank” is expected by October 1 of this year. It was noted that by the end of 2022, the state shares of JSCB “Uzpromstroybank”and JSCB “Asakabank” will be put up for public trading. The International Finance Corporation, the European Bank for Reconstruction and Development, as well as the Asian Development Bank will be involved in privatization.

The document instructs the Ministry of Finance to continue the comprehensive transformation, privatization of banks with a state share and ensure:

• until October 1, 2022 — public offering (IPO) of shares of JSC “Qishloq Qurilish Bank”.
• by the end of 2022 — putting up for auction the state shares of JSC “Uzpromstroybank” and JSC “Asakabank” with the involvement of the International Finance Corporation, the European Bank for Reconstruction and Development, as well as the Asian Development Bank.
• until July 1, 2023 — organization of work on the public offering (IPO) on the stock exchange of shares of JSC "Xalq bank", JSC " Microcreditbank", JSC "Aloqabank", JSC "Agrobank", JSC " The National Bank of Uzbekistan" (NBU).

By the decree of the President, personal responsibility is assigned to the chairmen of the boards of the respective banks for the high-quality and timely execution of these tasks.

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