BAKU, Azerbaijan, June 27. German AKA European Export & Trade Bank is exploring the potential for fronting the bill for raw material exports from Uzbekistan, Chief Executive Officer Strategy and Development and market-independent spokeswoman for the bank Marck Wengrzik told Trend.
"We analyze the export streams of capital goods from Germany and Europe to Uzbekistan in order to evaluate the possibility of financing these exports with Uzbekistan’s financial institutions, government agencies, or companies as potential borrowers," he said.
Marck Wengrzik pointed out that the bank also goes the extra mile to support financial institutions and companies with their general financing needs.
Earlier in 2019, the National Bank of Uzbekistan and AKA Bank signed a loan agreement for 100 million euros to develop trade and economic ties between Uzbekistan and European countries.
The agreement, in particular, provides for the allocation of credit lines to the National Bank of Uzbekistan to finance investment projects, as well as projects of small business and private entrepreneurship involving the import of goods and services from Germany and other EU countries.