Home > United Nations Online Network in Public Administration and Finance (UNPAN)
1. Global
Global
2. Africa
Africa
3. Arab States
Arab States
4. Asia & Pacific
Asia & Pacific
5. Europe
Europe
6. Latin America & Caribbean
Latin America & Caribbean
7. North America
North America
UNPAN Asia & Pacific




Public Administration News  
Share
Uzbekistan: Profit of Pension System of the People's Bank for 2012 Amounted 71.5 Billion Soums
Source: finance.uzreport.uz
Source Date: Thursday, July 18, 2013
Focus: Electronic and Mobile Government, Citizen Engagement, Internet Governance
Country: Uzbekistan
Created: Jul 24, 2013

On June 28 of this year in the State People's Bank has been held a commercial general meeting of shareholders. The profit and loss account for 2012 was approved as a result of the meeting. In particular, income pension system (INPS) of the State- Commercial People’s Bank for 2012 amounted 71.5 billion soums.

 

In accordance with the recommendations of the Supervisory Board of the bank and the Law of the Republic of Uzbekistan "On pension system" profit from the placement of the INPCs in the amount of 71.5 billion soums on results of 2012 was distributed as follows: 52.4 billion soums were used to replenish individual pension accounts to ensure return in amount of 8% per annum with excess of inflation level over the past year by 1.0 percentage point.

 

To cover bank expenses associated with the service of INPC were directed 6.0 billion soums. In the reserve fund of INPS to ensure guaranteed return of citizens in the future, was sent 3.1 billion soums. The remaining of 10.0 billion soums was aimed at further strengthening of the material and technical basis of the territorial offices and bank branches.

News Home

 Tag This
 Tell A Friend
 Favorite
del.icio.us digg this Slashdot
Rate:
0 ratings
Views: 73

Comments: 0 Favorited: 0 Bookmarked: 0 Tagged: 0



0 Comments | Login to add comment

Site map | FAQs | Terms and Privacy | Contact Us
Copyright 2008-2010 by UNPAN - United Nations Public Administration Network