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Uzbek, Tajik banks to finance foreign trade

Business Materials 5 April 2018 09:45 (UTC +04:00)

Baku, Azerbaijan, April 5

By Fikret Dolukhanov – Trend:

Uzbek joint-stock commercial bank Asaka and Tajik Bank Eskhata OJSC signed an agreement on financing of exports from Uzbekistan to Tajikistan, the press service of the Uzbek bank reported on April 5.

According to the information, the purpose of this document is further implementation of agreement on financial cooperation signed between the governments of Uzbekistan and Tajikistan during official visit of the Uzbek president to Dushanbe on March 9, 2018.

The agreement signed between the banks provides for financing of transactions related to the export of goods and services from Uzbekistan to Tajikistan.

Trade financing deals, aimed at increasing the export of goods and services of Uzbekistan in various spheres, are planned to be implemented within the limits of the allocated credit.

The document is a continuation of fruitful cooperation between the banks, which began in 2017 with the establishment of direct correspondent relations for development of interbank settlements between business circles of Uzbekistan and Tajikistan.

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