The Central Bank fined 16 commercial banks

In accordance with Article 62 of the Law "On the Central Bank of the Republic of Uzbekistan", the Service for the Protection of the Rights of Consumers of Banking Services conducted control activities in commercial banking institutions in August-September of this year. Compliance with the requirements for banking activities in the implementation of interactions with consumers in the local institutions of commercial banks, including the acceptance of payments through terminals and the provision of information about banking services to consumers. Attention was paid to the cases of complete and complete presentation. In particular, during the study, it was found that information about loans and deposits offered by banks is not fully disclosed to consumers in accordance with the law, and services are provided through bank cards. In accordance with Article 57 of the Law of the Republic of Uzbekistan "On Banks and Banking Activities", measures were taken against 21 commercial banks for allowing these situations, 16 commercial banks were fined and 5 The commercial bank was warned. In order for consumers to make a rational decision on the use of banking services, commercial banks are informed that they should fully disclose information about banking services to consumers and explain their conditions in detail.

Source: uzreport.uz