Baku, Azerbaijan, Nov. 15
By Nigar Guliyeva- Trend:
Uzbek "Trustbank" and Austria's Raiffeisen Bank International signed a memorandum of mutual cooperation in Vienna Nov. 14, 2017, the Uzbek bank reported.
The Memorandum was signed to implement the tasks of the decree of Uzbek president on "Strategy of actions on five priority directions of the development of Uzbekistan in 2017-2021".
"We are very pleased to establish warm relations with one of the leading financial institutions of Austria and we hope that our cooperation will be directed to further development and opening of new prospects," said Sardor Normuhamedov, Chairman of the Board of "Trustbank".
The Memorandum is aimed at joint implementation of mutually beneficial transactions in the field of financing of trade transactions and project financing, providing for the supply of goods and services to Uzbekistan.
In accordance with the memorandum, it is envisaged to lend to projects aimed at the development of small businesses and entrepreneurship, as well as assistance in attracting young people to entrepreneurship.