Bank assets worth 9 trillion soums will be sold to businesses without a down payment.

Bank assets worth 9 trillion soums will be available for purchase by businesses without a down payment.

Tashkent, Uzbekistan – Podrobno.uz News Agency.

In Uzbekistan, entrepreneurs will be given the opportunity to purchase 2,500 real estate properties listed on the balance sheets of commercial banks under special conditions. The total value of these assets is estimated at 9 trillion soums.

This announcement was made by President Shavkat Mirziyoyev on August 18 during an open dialogue with business representatives in Khorezm.

These properties will be sold at a discount, without a down payment requirement, and with the option of interest-free installment plans. This will allow entrepreneurs to acquire bank assets without the need to immediately make a large down payment.

Additional benefits will be provided after the purchase. Entrepreneurs purchasing such properties will be exempt from land and property taxes for one year.

This applies to property listed on the balance sheets of commercial banks. The sale is intended to integrate these assets into economic circulation and provide businesses with additional opportunities to launch or expand their projects. However, the announcement does not specify specific lists of properties, discount conditions, or timeframes for the sale of the property.

It was previously reported that a unified register of mandatory requirements for entrepreneurs will be created in Uzbekistan. Businesses will not be held liable for failure to comply with requirements not included in this system.