OREANDA-NEWS. April 21, 2009. The commercial banks in Uzbekistan are planning to increase volume of deposits by at least 50% in 2009 in line with the complex measures adopted to boost attraction of deposits in commercial banks.

The minimal level of interest rates on deposits of legal entities with the term of over 6 months was set at 75% of acting refinancing rate of the Central Bank of Uzbekistan and population deposit with the term of a year at 150% of acting refinancing rate of the Central Bank of Uzbekistan. The minimal interest rate on plastic cards of individuals set at the level of acting refinancing rate of the Central Bank of Uzbekistan. The refinancing rate of the Central Bank of Uzbekistan set at 14% APR.

The balance of deposits at the commercial banks grew by 68.6% year-on-year to 1.724 trillion soums in 2008. The commercial banks review deposit products now.