{"id":12432,"date":"2025-11-08T17:16:03","date_gmt":"2025-11-08T12:16:03","guid":{"rendered":"https:\/\/frank.uz\/?p=12432"},"modified":"2025-11-08T17:16:03","modified_gmt":"2025-11-08T12:16:03","slug":"avo-bank-will-issue-500-billion-in-deposit-certificates-with-an-annual-interest-rate-of-22","status":"publish","type":"post","link":"https:\/\/frank.uz\/en\/news-en\/avo-bank-will-issue-500-billion-in-deposit-certificates-with-an-annual-interest-rate-of-22\/","title":{"rendered":"AVO Bank will issue 500 billion in deposit certificates with an annual interest rate of 22%"},"content":{"rendered":"<h3>Why is this important<\/h3>\n<p>500 billion ($42 million) \u2014 the largest issuance of deposit certificates, will attract capital from corporate clients (large businesses, investment funds, insurance companies). 22% per annum \u2014 competitive rate, higher than deposits (18-20%), but lower than MFO bonds (27-28%). The nominal value of 50 billion is only for large companies, a barrier for small businesses. Currency settlements with conversion \u2014 hedging of currency risks for exporters, importers.   <\/p>\n<h3>What happened<\/h3>\n<ul>\n<li>AVO Bank will issue certificates worth 500 billion US dollars at 22% interest for 3 years;<\/li>\n<li>Nominal value \u2014 50 billion ($4.2 million);<\/li>\n<li>Settlements in sums or currency with conversion to the exchange rate of the Central Bank;<\/li>\n<li>Only for legal entities, including non-residents;<\/li>\n<li>Placement in an unorganized market, circulation \u2014 only between companies.<\/li>\n<\/ul>\n<h3>Deposit certificates<\/h3>\n<ul>\n<li><strong>What is it:<\/strong> a security certifying a deposit in a bank with a fixed return. The holder receives interest, at the end of the term \u2014 the denomination. <\/li>\n<li><strong>Difference from deposit: <\/strong>certificates are traded on the market, can be sold before maturity (deposit \u2014 no).<\/li>\n<li><strong>Difference from bonds:<\/strong> certificates are issued by a bank, bonds by any company. Certificates are usually for legal entities, bonds are for everyone. <\/li>\n<\/ul>\n<h3>Conditions<\/h3>\n<ul>\n<li><strong>Emission: <\/strong>500 billion ($42 million) = 10 certificates for 50 billion.<\/li>\n<li><strong>Profitability:<\/strong> 22% per annum \u2014 higher than deposits (18-20%), but lower than MFO bonds (27-28%).<\/li>\n<li><strong>Duration:<\/strong> 1092 days (3 years).<\/li>\n<li><strong>Nominal:<\/strong> 50 billion ($4.2 million) \u2014 only for large companies (exporters, importers, investment funds, insurance).<\/li>\n<li><strong>Calculations:<\/strong> in sums or currency with conversion to the Central Bank rate \u2014 hedging of currency risks.<\/li>\n<\/ul>\n<h3>Only for legal entities<\/h3>\n<p>Certificates are intended for legal entities, including non-residents (foreign companies). Individuals cannot buy due to the high denomination (50 billion). <\/p>\n<h3>Unorganized market<\/h3>\n<ul>\n<li><strong>Placement: <\/strong>on an unorganized market (exchange-free) \u2014 transactions between the bank and legal entities directly, without an exchange.<\/li>\n<li><strong>Circulation:<\/strong> in organized (exchange) and unorganized markets \u2014 only between legal entities. Individuals cannot trade. <\/li>\n<\/ul>\n<h3>Why AVO Bank<\/h3>\n<ul>\n<li><strong>Attraction of capital: <\/strong>500 billion to finance loans to corporate clients (exporters, importers, manufacturers).<\/li>\n<li><strong>Diversification of Funding: <\/strong>Instead of individual deposits (volatile, can be withdrawn), legal entities attract stable capital for 3 years.<\/li>\n<li><strong>Competition: <\/strong>22% is more attractive than deposits (18-20%), competes with MFO bonds (27-28%).<\/li>\n<\/ul>\n<h3>Why legal entities<\/h3>\n<ul>\n<li><strong>Profitability: <\/strong>22% per annum \u2014 higher than deposits (18-20%), lower than MFO bonds (27-28%), but AVO Bank is more reliable than MFO (NPL 2-3% versus 5-10% for MFO).<\/li>\n<li><strong>Liquidity:<\/strong> certificates are traded on the market, can be sold before maturity (deposit \u2014 no).<\/li>\n<li><strong>Currency hedging: <\/strong>settlements in currency with conversion to the Central Bank exchange rate \u2014 exporters, importers hedge currency risks.<\/li>\n<\/ul>\n<h3>AVO Bank<\/h3>\n<ul>\n<li><strong>Specialization:<\/strong> corporate lending (exporters, importers, large businesses).<\/li>\n<li><strong>Reliability: <\/strong>one of the stable banks in Uzbekistan, NPL 2-3%.<\/li>\n<\/ul>\n<h3>Context<\/h3>\n<ul>\n<li><strong>500 billion is a large issue: <\/strong>it will attract capital from large businesses, investment funds, and insurance companies.<\/li>\n<li><strong>22% \u2014 competitive rate:<\/strong> higher than deposits (18-20%), but lower than MFO bonds (27-28%). The golden mean is profitability + reliability. <\/li>\n<li><strong>The nominal value of 50 billion is a barrier:<\/strong> only for large companies. Small businesses cannot buy. <\/li>\n<li><strong>Currency settlements:<\/strong> hedging risks for exporters and importers. With the devaluation of the sum, they will receive more sums when converting the currency. <\/li>\n<li><strong>Unorganized market:<\/strong> over-the-counter transactions, less transparency, but flexibility in conditions.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>AVO Bank will issue 500 billion soums worth of deposit certificates with an annual interest rate of 22% for a term of three years. Each certificate has a nominal value of 50 billion soums (approximately $4.2 million). Settlements can be made in soums or in foreign currency, converted at the Central Bank\u2019s official exchange rate.  <\/p>\n","protected":false},"author":4,"featured_media":12426,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_sharing_image":{"poster":"https:\/\/frank.uz\/wp-content\/uploads\/2025\/11\/690f3490bd343.jpg","width":1200,"height":630,"template":"2bf59057","mode":"auto"},"_sharing_image_fieldset":{"Dv78f24rp1hU":12426,"YlB8HH34jIzY":"AVO Bank will issue 500 billion in deposit certificates with an annual interest rate of 22%"},"pin_until":"","footnotes":""},"categories":[2061],"tags":[3586,3587,2079,2143],"class_list":["post-12432","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en","tag-avo-bank-en","tag-deposit-certificates","tag-finance","tag-investments"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.0 (Yoast SEO v25.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>AVO Bank will issue 500 billion in deposit certificates with an annual interest rate of 22% &#8212; Frank.uz<\/title>\n<meta name=\"description\" content=\"AVO Bank will issue 500 billion soums worth of deposit certificates with an annual interest rate of 22% for a term of three years. 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