Representatives of JSCIB Ipoteka Bank held a meeting with Commerzbank representatives.

Representatives of JSCIB Ipoteka Bank held a meeting with Commerzbank representatives.

The meeting was attended by responsible employees of JSCIB Ipoteka Bank, Director of the Department for Financial Institutions of Commerzbank Holger Kautzky, as well as the Head of the Representative Office of Commerzbank in Uzbekistan, Dr. Bodo Thons.

Long-term cooperation with Commerzbank invariably brings a positive financial result. During the period from 2014 to the present, 8 long-term projects worth more than 46,000 euros and 5 short-term projects worth 116 million US dollars were financed within the framework of cooperation between JSCIB Ipoteka Bank and Commerzbank.

During the negotiations, current issues and prospects of further development of investment cooperation, as well as ways for its further expansion were discussed. Particular attention was paid to issues of attracting credit lines of Commerzbank for implementation of textile industry projects. In particular, following the negotiations, an agreement was signed on financing projects of Oltin Mato Texs LLC in Andijan region, Textile Finance Horazm in Khorezm region, and Euro Global Invest in the city of Tashkent. The total amount of financing these projects is about 60,000 euros.

The sides expressed their confidence that the maximum use of partnership opportunities of JSCIB Ipoteka Bank and Commerzbank will make a significant contribution to further strengthening of relations between the banks.