Tashkent, Uzbekistan (UzDaily.com) -- Uzpromstroybank signed documents with commercial banks of Russia and the Republic of Korea in the field of trade finance.

AK BARS Bank and Uzpromstroybank signed an agreement on issuing reimbursement obligations and cooperation in the field of trade finance.

The signing of these agreements will expand the capabilities of Uzpromstroybank in the field of trade finance.

Uzpromstroybank and Shinhan Bank (South Korea) signed a basic agreement on trade finance in the amount of US$60 million.

This line of trade financing will allow Uzpromstroybank to expand the resource base for financing projects involving the import of technological equipment and services from South Korea and other countries, as well as improve the Bank’s reputation in the foreign market.

Documentary operations carried out by the bank contribute to reducing the risks of their clients when conducting foreign trade operations, increasing cash flows, developing and strengthening solid trust relationships with foreign banks.