Tashkent, Uzbekistan (UzDaily.com) -- Uzpromstroybank held a meeting with a delegation of the European Bank for Reconstruction and Development (EBRD), headed by Managing Director of Financial Institutions Francis Malizh. 

This meeting is a logical continuation of the previously achieved results in the framework of the implementation of joint projects.

During the meeting, topical issues of the current state of cooperation between financial institutions, as well as priority areas for further expansion of cooperation were discussed.

Particular attention was paid to the issues of joint implementation of projects in the field of supporting SMEs and the introduction of "green" financing instruments.

As part of the agenda, the parties also discussed issues regarding the work carried out in the system of Uzpromstroybank to transform the financial institution in accordance with international standards in general.

Following the meeting, the parties worked out possible scenarios for further interaction and outlined further steps for the implementation of joint initiatives.

The active phase of cooperation between Uzpromstroybank and the EBRD began in 2019 and to date, several joint projects have been implemented to support the initiatives of representatives of small and medium-sized businesses. In particular, active cooperation is being carried out in the field of trade finance, financing of export-import transactions of both the bank's clients, and in the field of supporting the export of business entities as a confirming bank under loan guarantees from the EBRD.

In addition, the EBRD participates in the process of improving treasury operations, managing assets and liabilities, as well as improving the skills of employees and financial literacy of the clients of JSCB Uzpromstroybank.