Faq

11. In what amounts and order does the Fund pay compensation on deposits in foreign currency?

Reimbursement of deposits in foreign currency is in order and the established amount in the national currency at the rate of the Central Bank of the Republic of Uzbekistan on the day of license revocation.

12. Does it need to specify in the contract that the deposit is guaranteed?

The contract of bank deposit, guaranteed under the law, the condition that the contribution is guaranteed by the Fund, may be specified by agreement of the parties.

13. Sources of the Fund’s fund

The Assets of the Fund are generated by the mandatory contributions of banks, proceeds from the placement of funds, as well as other income in accordance with the law.

14. In what order does the Fund pay compensation on citizen deposits in banks?

A Liquidating bank independently may start paying deposits, and, if necessary, apply to implement these payments to the Deposit Guarantee Fund.

To do this, at the end of the fixed period for claims of creditors (two months), the liquidation committee within ten days of the bank is obliged to provide to the Fund the obligation calculation on deposits and requirements for the Fund’s fund.

The Fund within three days of receiving the intermediate liquidation balance sheet will publish in mass media the information about the order, terms, and name of the agent bank, which makes payment the compensation for deposits.