BISHKEK, Kyrgyzstan, October 26. A delegation from the Kyrgyz "RSC Bank" and the President of the China Development Bank (CDB), Tan Jiong, discussed the allocation of a significant loan to support projects being implemented by China in Central Asian countries, Trend reports.
Ulanbek Nogaev, the head of "RSC Bank," said that these projects span over various sectors, including the economy, trade, investments, transportation, agriculture, infrastructure, resources, and energy.
"The CDB's assets exceed $2 trillion, indicating its financial stability and international significance. This enables the CDB to play an active role in supporting and financing projects across different sectors," Nogaev said.
He pointed out that one of the important topics on the agenda is the establishment of a credit line for "RSC Bank" in both yuan and US dollars.
"I am confident that establishing ties with the CDB and developing relationships with other Chinese banks will help us expand our services and make an even more significant contribution to the development of Kyrgyzstan's economy," the head of the "RSC Bank" said.
Nogaev also mentioned that Kyrgyzstan's delegation met with the leaders of financial institutions such as the Bank of China, Bank of Communication, and Industrial and Commercial Bank of China to expand the existing correspondent network and deepen bilateral cooperation.