Question-answer
01
Whose deposits are guaranteed by law?
In accordance with the Law «On guarantees of protection of citizens deposits in banks» the deposits of the citizens of the Republic of Uzbekistan, foreign citizens, and non-citizenship persons in the commercial banks of the Republic of Uzbekistan are guaranteed.
02
What deposits are not guaranteed?
In accordance with the law the following funds are not guaranteed:
in citizens’ deposits in banks for which by the legislation the special rule of guarantee is accepted;
transfer by citizens to banks in trust;
in the accounts of the bearer;
placed in accounts of individuals persons engage...
03
Are citizens’ deposits in all banks of Uzbekistan guaranteed?
The Fund guarantees citizens deposits in commercial banks (including their affiliates), made the written agreement with the Fund. Now all existing commercial banks in the country, except the People's Bank, which deposits are guaranteed by the government, have corresponding agreements with the Fund.
04
In what cases the Fund guarantees the compensation payment on citizen deposits?
The Fund guarantees the compensation payment of citizen deposits in banks in the event of withdrawal by the Central Bank of the Republic of Uzbekistan the commercial bank license for conducting banking transactions.
The guarantees of the compensation payment on citizens’ deposits in banks are no...
03.12
The final report on the automation of the payout process system of Uzbekistan was presented in the Central Bank.
Fund in collaboration with the Central Bank organized a meeting where the Korea IT Consulting (KITC) with the assistance of Korea Deposit Insurance Corporation (KDIC) and the participation of staff of the Embassy of the Republic of Korea in Uzbekistan presented the final report regarding the joint project aimed at improving deposit payout system in Uzbekistan.
15.11
FBOKF attended the IADI Annual General Meeting and International Conference.
A delegation of the Fund of Guarantee Citizens' Deposit in Banks (FBOKF), led by the Chairman of the Supervisory Board (Deputy Chairman of the Central Bank) Abrorkhuja Turdaliev, attended the International Conference and Annual General Meeting (AGM) of the International Association of Deposit Insurers (IADI) in Tokyo, Japan, on November 11-15.
23.10
FBOKF attended an International Conference in Almaty, Kazakhstan.
A delegation of the Fund of Guarantee Citizens’ Deposits in Banks led by the Chairman of the Supervisory Board Abrorkhuja Turdaliev attended an International Conference dedicated to the 25th Anniversary of Kazakhstan Deposit Guarantee System: “Deposit Guarantee System: in an era of structural changes, transformation and new challenges" in Almaty, Kazakhstan on October 23, 2024.
25.09
FBOKF started a new project aimed at improving the deposit payout system
FBOKF, with the support of the Korea Deposit Insurance Corporation (KDIC), greenlit a project to enhance the deposit payout process with a focus on IT. As a part of the project, FBOKF welcomed delegations of Korea IT Consulting (KITC), which provides consultancy services, and KDIC, which is providing technical assistance to KITC and FBOKF.
06.07
FBOKF attended annual meetings of EARC & ERC in Tbilisi, Georgia
FBOKF delegation led by Director Nodir Abbosov attended annual meetings of EARC & ERC and the International Conference held in Tbilisi, Georgia on July 4-6, 2024. The event focused on exploring bank resolution tools and future challenges for deposit insurers.
21.11
Fund in collaboration with the Central Bank organized a study visit to SDIF.
A joint delegation from the fund and the Central Bank led by the Deputy Chairman of the Central Bank/ Chairman of the Supervisory Board of the Fund visited the Savings Deposit Insurance Fund (SDIF) of Türkiye to exchange opinions and experience in the area of deposit insurance.
