The “Euromoney” awarding ceremony in London on July 18, 2024, highlighted Uzbekistan Industrial and Construction Bank (SQB) as a standout in several categories, marking significant achievements in Uzbekistan’s banking sector, SQB reports.

The bank received prestigious awards for being the Best Bank of Uzbekistan, the Best Bank in Environmental, Social, and Governance (ESG), and the Best Corporate Bank in Uzbekistan.

Over the past five years, the SQB has undergone transformational growth, with notable advancements in expanding services for small and medium-sized businesses alongside retail operations. The bank’s commitment to innovation is evident in developing new products and establishing the “Joyda” marketplace. Moreover, a comprehensive digitalization effort has streamlined all business processes.

It has been emphasized that a significant aspect of the SQB is its substantial investment in ESG projects. The bank has expanded its green loan portfolio, which reached $580 million, demonstrating a 79% growth in 2023 alone. Additionally, the first-ever issuance of green Eurobonds in Uzbekistan last year marked a milestone for Uzbekistan’s financial sector, underlining the bank’s commitment to environmental and social responsibility.

Key to its success has been the introduction of a new mechanism to enhance corporate client services, including dedicated responsible managers and direct client communication. This approach underscores the bank’s strategy to deepen relationships and provide tailored solutions.

Euromoney, renowned for its authoritative banking, finance, and investment assessments, recognized these achievements as a testament to the SQB’s impact and influence in the global financial landscape. The awards highlight the bank’s strategic vision, operational excellence, and dedication to sustainable development, positioning it as a leader within Uzbekistan’s banking industry.

UzA