Uzbekneftegaz: Memorandum of Understanding signed with Sovsombank
Tashkent, Uzbekistan (UzDaily.com) - The Innoprom International Industrial Exhibition: The Great Industrial Week in Uzbekistan in Tashkent has become a successful platform for establishing relations between Uzbekneftegaz JSC and Russian financial institutions.
Thus, the result of the negotiations with PJSC SOVKOMBANK was the signing of a Memorandum of Understanding.
The purpose of the Memorandum is to jointly consider the possibility of using the bank's financial products and services for the implementation of projects of Uzbekneftegaz JSC.
PJSC SOVKOMBANK - by the end of 2019, became the third private bank in Russia in terms of RAS assets according to the Interfax rating.
The network of branches comprises 2,500 offices, the number of employees exceeded 15,000 people, and the Group's capital in accordance with IFRS (international financial reporting standards) amounted to 139 billion rubles.
It is worth noting that Uzbekneftegaz JSC has been successfully cooperating with Russian financial institutions for a number of years in the framework of financing investment projects and purchasing high-tech equipment and materials and equipment (material and technical resources).