If these are taken into account, the total number of private banks in the republic will reach 17. The processes of privatization and denationalization of commercial banks in the republic are intensifying. The agency for privatization of banks was set up for this purpose. Its basic goals and tasks are to work out a strategy for privatization and denationalization of state banks, to attract foreign investors and to create favourable conditions for ensuring the sale of shares in privatized banks on foreign and national stock markets. At the same time, the system of corporative management is being strengthened, and shareholders' role in managing banks is increasing.
Purposeful work is under way to reform and liberalize the banking system.