Uzbekistan Central Bank Orders Banks to Refund Overcharged Interest and Penalties on Loans

The Central Bank of Uzbekistan has instructed all commercial banks to recalculate and refund any excess interest and penalties charged on outstanding debts. The regulator reminded that interest and penalty accrual must cease once a court issues a debt recovery order. Banks must ensure compliance, with internal audits due by December 10 and reports on refunds by December 25.

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