Tashkent, Uzbekistan (UzDaily.com) – On 30 June 2021, during the European Bank for Reconstruction and Development (EBRD) Annual Meeting, held in the format of a virtual event, the winners of the EBRD Trade Facilitation Program were announced.

Within the framework of this ceremony, Uzpromstroybank was declared the winner in two nominations at once, in particular:

- “The most active bank - issuer in Uzbekistan in 2020”,

- "The best deal of 2020 according to the criteria of" Green financing ".

With this award, the EBRD recognizes the bank’s special achievements in financing international trade, and also highly appreciates the activity and quality of the bank’s trade finance services.

It should be noted that at present in the system of JSCB "Uzpromstroybank" a comprehensive work is being carried out to transform the bank, with the active introduction of a new business model aimed at building a client-oriented policy, taking into account the needs of customers in general. At the same time, in a relatively short period of time, by providing ample opportunities to its clients, the bank managed to take a leading position in the market of Uzbekistan in the field of trade finance.

During the Covid-19 pandemic, Uzpromstroybank, through the provision of trade finance services, also through the utilization of an additional EBRD limit of US$60 million allocated to the bank in 2020, within the framework of the EBRD COVID-19 Response initiative, actively assisted the bank’s clients, which largely minimized the negative impact and helped to avoid the effect of the trade stagnation that prevailed at the international level.

In addition, the bank pays special attention to the development and implementation of the principles of "Green" financing, as evidenced by the program for the transformation of a financial institution, developed in 2018 with the assistance of consultants from the International Finance Corporation and the European Bank for Reconstruction and Development, in which special attention is paid to the segment " Green Banking ".

In the future, the participation of Uzpromstroybank in this program will allow the bank to expand the circle of clients in international financial markets, increase the recognition of the bank’s brand, which will be an additional impetus for increasing competitiveness in the field of trade finance and attracting new counterparties engaged in foreign trade activities.

It should be emphasized that the positive changes taking place in the Uzpromstroybank system, carried out as a result of the cardinal reform of the banking and financial sphere of Uzbekistan, do not go unnoticed by reputable international financial institutions. It is noteworthy that Uzpromstroybank, in addition to the above-mentioned EBRD nomination, for the third year in a row was also recognized as the best partner bank in Uzbekistan under the Trade Finance Program (TFP) of the Asian Development Bank (ADB).