The Asian Development Bank (ADB) held its first annual Trade Finance Program (TFP) awards ceremony, with 12 partner banks recognized for their role in supporting trade in the region.

“These awards give ADB’s TFP an opportunity to recognize the contributions of our partner banks in supporting trade in developing Asia,” said Steven Beck, head of trade finance at ADB. “Our work together helps create growth and jobs.”

At the event, Hamkorbank was named as Leading Partner Bank of the Asian Development Bank in Uzbekistan.

Since 2009, the TFP has supported more than 6,000 small and medium-sized enterprises in about 10,000 transactions valued at over $20 billion in a wide range of sectors, from commodities and capital goods to medical supplies and consumer goods in the region’s most challenging markets.

Hamkorbank and ADB have been cooperating since 2010. Currently, the sides are implementing several projects directed at supporting microfinancing, developing small businesses and entrepreneurship, as well as trade financing.

Currently, Hamkrobank is issuing loans within international line of the ADB within the project “Development of small and microfincning of the Asian Development Bank”.