The Embassy of Uzbekistan in Madrid hosted a meeting with the regional manager of the largest bank in Spain, Santander, David Plaza.

A representative of the Spanish bank emphasized that Santander is one of the five largest banks in Europe and is the leader in terms of assets in the world. As of 2023, the bank’s total assets amounted to €1.8 trillion.

It was noted that over the past two years, the bank has also been a leader in Europe in the number of transactions concluded in export-import operations.

At the meeting, Santander regional manager David Plaza noted that the bank’s leadership is considering possibly entering the Uzbekistan banking services market.

The Spanish side also expressed the bank’s readiness to allocate loan funds for $500 million to finance promising investment projects planned for implementation in Uzbekistan.

Following the meeting, it was noted that the possibility of financing investment projects in Uzbekistan will become a factor in accelerating the opening of a representative office of the Spanish bank in the country.

UzA