Earlier, Universalbank opened correspondent accounts at Raiffeisen Bank International (Austria), Russia’s Sberbank and Moscow branch of Raiffeisen Bank International.

Universalbank said it is expending network of correspondent account to restructure and develop business into new level, as well as meet demands of the clients.

Universalbank private open joint stock commercial bank was founded on 25 May 2002 with charter capital of 0.05 billion soums on the base of Qoqand private open joint stock commercial bank.

The headquarters of the bank is located in Qoqand city, Ferghana region of Uzbekistan. The main clients of the bank are small and private businesses, as well as retail clients.