EBRD to become Uzsanoatqurilishbank’s shareholder

Ministry of Finance, Uzsanoatqurilishbank and the European Bank for Reconstruction and Development (EBRD) signed a mandate letter, the press service of the Ministry reported.

According to it, the EBRD will take part in the pre-privatization transformation of the bank by providing a credit line in the amount of $50 million. This loan will be converted into the authorized capital of the bank, as a result of which the organization will become a shareholder of Uzsanoatqurilishbank.

Now the bank is training employees who will serve customers using the “single window” system, which will significantly save time and improve the quality of services.

In 2020, the bank introduced underwriting, which makes it possible to carry out credit operations without the participation of employees. This gave its result – in 2020, projects worth more than 2.6 trillion soums were financed.

According to the results of the first quarter, Uzsanoatqurilishbank has become the most profitable bank in the country. Net income for the first three months was $258.6 billion.