Avesta Investment Group - Uzbekistan


Гео и язык канала: Узбекистан, Английский
Категория: Экономика


Avesta Investment Group - a leading financial advisory firm in Uzbekistan and Turkmenistan.
https://www.avestagroup.com
https://www.facebook.com/avestagroup.uz/
For the feedback, please contact @KarenSrapionov

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Гео и язык канала
Узбекистан, Английский
Категория
Экономика
Статистика
Фильтр публикаций






Payment company Future Open Technology Group JSC acquired a 90.2% equity stake in Smart Bank JSC, a subsidiary of Agrobank JSCB (AGBA), for 451bln UZS, valuing the deal at x1.4 P/B. Previously, Agrobank JSCB (AGBA) and Future OPEN Technology Group collaborated in launching an installment payment product in 2023.

https://new.openinfo.uz/facts/44/88


Kvarts JSC (KVTS) to receive a 60bln UZS credit line from Asakabank JSCB, structured as a revolving multiproduct facility, including a short-term loan and recourse factoring, to support working capital needs.

https://new.openinfo.uz/facts/20/2582




Recent updates in Uzbekistan’s real estate sector:

- Starting July 1, 2025, escrow accounts will be introduced for shared construction. From January 1, 2026, all shared-equity construction projects will use escrow accounts.

- From July 1, 2025, developers and construction firms will be able to attract funds from equity holders only through notarized equity participation agreements.

- New electronic shared-equity construction platform will be launched, detailing information on approved design estimates, expert opinions, construction timelines, and progress updates. Additionally, MoEF will establish a Project Office to implement measures under the "Single Life Cycle of Housing" principle, involving specialists and experts on a contractual basis.

- President has instructed NAPP, the capital market regulator, to propose improvements to insurance products, addressing risks such as developers failing to complete projects. As part of these measures, mortgage-backed securities are expected to be introduced.

https://www.spot.uz/ru/2025/02/01/escrow/
https://www.spot.uz/ru/2025/02/01/housing-construction/
https://www.spot.uz/ru/2025/02/01/shared-construction/
https://www.spot.uz/ru/2025/02/01/mortgage-security/






















Uzbek Soum depreciated against US Dollar by 0.28% in January 2025 totaling 4.24% y-o-y.







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