The SQB delegation participated in the annual Euromoney Forum in Vienna on January 16-17, 2024, where European financial institutions and banks held fruitful discussions and outlined plans for the following year.

During the forum, the bank’s delegation held productive meetings with Raiffeisenbank, Austrian Development Bank (OeEB), OeKB, French Societe Generale, German Commerzbank, Helaba, LBBW, DZ Bank and OPEC Fund for International Development.

According to SQB, the long-term partnership between SQB and European banks was emphasized at the meetings. Information was provided on the bank’s achievements in 2023. Strategic directions for 2024, as well as opportunities for implementing current projects and potential areas of cooperation, were outlined. Issues of practical interaction in attracting financial resources in international capital markets were discussed in detail.

The bank’s commitment to further development and deepening of green financing and the practical implementation of ESG principles was confirmed.

SQB signed two agreements worth 75 million euros as part of the event. In particular, a cooperation agreement with Landesbank Baden-Württemberg (LBBW), under the terms of which LBBW will allocate funds for 50 million euros to finance SQB’s clients’ investment projects.

The second document is the general agreement on trade lending between SQB and Raiffeisenbank. This agreement, worth 25 million euros, is aimed at financing the trading operations of SQB’s clients and contributes to the growth of foreign trade turnover.

These agreements underline the commitment of SQB to the adopted strategy for developing international cooperation and position the bank as a key player in the financial partnership between Uzbekistan and the European Union.

UzA