News and press releases

Board of the Central Bank of the Republic of Uzbekistan adopted a decision on the preservation of the refinancing rate at the level of 9 per cent per annum.

On April 20, 2016 in the building of Uzbekistan Banking Association the results of the ninth annual national exhibition of banking technologies, equipment and services «BankExpo-2016» organized by the Central Bank, in partnership with the committees of the Legislative Chamber of the Oliy Majlis, the Association of Banks and Association of IT Companies and organizations held on April 13-14, 2016 were summed up.
As a result of «BankExpo-2016», JSCB «InFinBank» has won in the nomination – «The best information support of a stand».

Joint Stock Commercial Bank “Invest Finance Bank”
Investment opportunity to the bank having high rank among others in Uzbekistan.
Joint Stock Commercial Bank “Invest Finance Bank” was founded in Tashkent in 2007. Nowadays it has more than 600 high qualified employees with 11 branches across the country. JSCB “Invest Finance Bank” becoming one of leading commercial bank which provides a broad services in financial sector inUzbekistan. Also, the bank offers financial products and services for corporate and institutional clients along with private and business clients. As of today, JSCB “Invest Finance Bank” has 10shareholders (legal entities and individuals).  Our investment companies are LLC «Asia Inshurans», LLC «InFinLeasing» and LLC «MasterLeasing». Returns from investment are exceeding our expectations.
Shareholders legal entities: LLC “Prestij Rielt” (19,63%), LLC "Agroplastimpeks" (17,56%), LLC “Broker Investment” (10,33%), LLC “Real Plast Servis” (7,16%), JSC JV "Alfa Group" (3,32%) and individualsare –Mamatdjanov Faxritdin Djurayevich (24,9%), Sulaymanova Saboxat Validjanovna (4,16%), Axmadjanov Aziz Nigmadjonovich (3,02%), Kudratullaev Ubaydullo Fayzullaevich (2,52%), Mirsaidov Aziz Agzamovich (2,49%), Valijonov Xojiakbar Abdumalikovich (2,45%), Kendjayev Azim Axmadovich (2,45%).
In this period of market turbulence, JSCB “Invest Finance Bank” remains very solid. Our capital base is strong; our Common Equity Tier 1 capital ratio is well above current regulatory requirements. Additionally our liquidity position is strong and we have significant sources of reliable funding. Moody’sconfirms bank’s rating level by B3 / NP with outlook stable. Profitability ratios: return on assets (ROA) – 1.42%and return on equity (ROE) – 13.19%.The Bank’s and its subsidiaries accompanying consolidated financial statements which comprises the consolidated statement of financial position as of 31 December 2015 and the consolidated statements of profit or loss and other comprehensive income, changes in equity and cash flows for the year then ended audited by«PricewaterhouseCoopers». Report presented confirms that consolidated financial statementsand its financial performance and cash flows for the year then ended are in accordance with International Financial Reporting Standards.
AccordingtothestatementoftheGovernment, asof 01.04.2016 JSCB “Invest Finance Bank” enters to the list of the joint-stock companies, which shares in quantity 15% should implemented to the strategic foreign investor.
In this regard,we invite all potential foreign investors to participate in the capital of the market-leading JSCB “Invest Finance Bank”. Also, we would like to add that the joint stock companies in which the shares of foreign investors are more than 15% exempted from payment of tax according to the regulations.
Acquisition of shares of the JSCB “Invest Finance Bank” will provide the investor with participation in the management of the company and yield profitable return from investments in one of the fastest growing banking sector.

Chairman of the Management Board

Z.C. Abdullaev

On 27.10.2015 a  meeting of the bank management with representatives of Export Insurance Agency of Russia (EXIAR) has been held. During the meeting issues of bilateral collaboration in trade finance.
The Russian Agency for Export Credit and Investment Insurance (EXIAR) was established in 2011. EXIAR's mission is to support Russian hi-tech exports by insuring export credits against commercial and political risks, as well as Russian investments abroad against political risks. Vnesheconombank is the sole shareholder of EXIAR. The agency's charter capital is RUB 31 billion. The State Specialized Russian Export-Import Bank (Eximbank of Russia) is a subsidiary of EXIAR.

On 22.10.2015 a meeting of the bank management with representatives of Raiffeisen Bank International AG, Vienna, Austria has been held. During the meeting issues of bilateral collaboration in trade finance, correspondent relations and dealing operations were discussed.
Raiffeisen Bank International AG is one of the main partners banks of JSCB “InFinBank” in the field of trade finance and clearing business.

On 30.09.2015 JSCB “InFinBank” has opened correspondent account with Transkapitalbank (Moscow, Russia) in US Dollars and Russian roubles.