The Central Bank of the Republic of Uzbekistan held talks with a Shinhan Bank delegation on the bank’s plans to expand and strengthen its position in Uzbekistan’s banking market and on the regulatory process for establishing banking institutions in the country. Shinhan Bank, led by Head of Global Business Promotion Division Kim Jihyung, presented an overview of its recent activities and near-term plans. The Central Bank outlined relevant establishment procedures and legislative requirements, and the discussion also covered potential business development opportunities arising from the privatization of state-owned banks.
Central Bank of the Republic of Uzbekistan 2025-02-24
Central Bank of the Republic of Uzbekistan meets Shinhan Bank on market expansion, licensing procedures and state bank privatization
The Central Bank of the Republic of Uzbekistan engaged with Shinhan Bank on its expansion plans in Uzbekistan's banking market. Discussions included regulatory processes for establishing banking institutions and opportunities from the privatization of state-owned banks. Shinhan Bank presented its recent activities and near-term plans.