The NBU will be the legal successor of the rights, obligations and treaties, including the international ones, of the reorganized Uznatzbank. The founder is the state, but in this case not in the person of the Council of Ministers, but of the Ministry of Finance and the Fund for Reconstruction and Development.
Uzbekistan Reforms its National Bank for Foreign Trade (Uznatzbank) in accordance with a Decree of the President of the Republic (http://uza.uz/ru/documents/o-merakh-po-preobrazovaniyu-unitarnogo-predp… ).
First, the bank is transformed from a sole state enterprise into a joint stock company. This will allow investors to be attracted for the development of the bank in the future. Sole state-owned enterprises in Uzbekistan are not allowed to issue shares.
The NBU will be the legal successor of the rights, obligations and treaties, including the international ones, of the reorganized Uznatzbank. The founder is the state, but in this case not in the person of the Council of Ministers, but of the Ministry of Finance and the Fund for Reconstruction and Development.
Secondly, the main tasks and directions of NBU's activity are defined. Among them are the provision of investment banking services to corporate clients, including the issue and placement of securities on the domestic and foreign capital markets.
Third, a joint-stock company of the same name will be set up on the basis of the limited liability company, “NBU INVEST GROUP”. The activity of the company will expand - it will start to act on the capital markets, it will participate in the implementation of investment projects, including as a shareholder.
Part of the bank's “non-core” assets will be transferred to the State Assets Management Agency. Other similar assets will be sold.