Asian Development Bank awards Uzpromstroybank
Tashkent, Uzbekistan (UzDaily.com) -- An award ceremony for participants in the Trade Finance Program (TFP) of the Asian Development Bank (ADB) was held in Singapore. For the second year in a row, Uzpromstroybank was recognized as the best partner bank in Uzbekistan within the framework of the ADB Trade Finance Program (TFP).
Uzpromstroybank carries out systematic work on financial support of domestic manufacturers, in particular, assists in winning a worthy place in the world market for their products with the brand name “Made in Uzbekistan”.
ADB’s Trade Finance Program, established in 2009, aims to increase the financial viability of small businesses and private entrepreneurship. Since 2013, Uzpromstroybank has been participating in this program as an issuing bank. Over the past period, the Bank has funded 34 projects under this program.
It should be noted that in 2018, Uzpromstroybank and ADB signed an agreement on the Bank’s participation in the Trade Finance Program as a confirming bank, providing additional opportunities for entrepreneurs to finance exports under ADB loan guarantees.