Tashkent, Uzbekistan (UzDaily.com) -- President of Uzbekistan Shavkat Mirziyoyev was given a presentation on the participation of banks in attracting foreign investment.

At the presentation, it was noted that over the past five years, the capital of banks has doubled, the loan portfolio has increased by 2.3 times, and the volume of annual lending has increased by 1.8 times.

Four banks of Uzbekistan raised US$1.3 billion through the placement of Eurobonds. In 2023, banks in Uzbekistan attracted foreign loans in the amount of US$3.8 billion. At the same time, large clients of banks independently attracted US$6 billion without government guarantees.

Banks must expand these activities and ensure high-quality implementation of projects.

The President was presented with information about the activities of the National Bank of Uzbekistan and Uzpromstroybank in this direction.

The National Bank of Uzbekistan plans to implement projects worth US$6 billion in 2024.

The bank intends to implement 526 projects worth 2.1 trillion soums in the jewelry industry and more than 40 thousand projects in the service sector through loans worth 41.8 trillion soums.

Uzpromstroybank plans to attract US$3.1 billion in funds this year. The bank’s clients have begun implementing investment projects with a total value of US$4.8 billion.

The bank plans to attract US$2.8 billion in foreign investment in 2024–2025 through 529 projects in the construction materials industry, which will create 25 thousand jobs.

The National Bank promotes employment in 967 mahallas, Uzpromstroybank - in 727 mahallas. Thanks to the deployment of work at the grassroots level by banks, business structures are emerging from the shadows.

The presentation also pointed out the need for systematic monitoring of clients’ investment projects and prompt resolution of emerging problems.

The importance of comprehensive support for entrepreneurs at all levels - from district to republican, as well as increasing their financial and innovative awareness was emphasized.