Ipak Yuli Bank continues to develop and establish cooperation with international financial institutions and foreign partners to introduce the best international banking practices and expand the product line for the private sector of Uzbekistan.

During 2022, the Bank attracted credit lines in the amount equivalent of approximately USD 151 million from the following financial institutions:

·         “FMO” Dutch Entrepreneurial Development Bank for the development of private sector activities in Uzbekistan;

·          “BlueOrchard” Swiss investment fund for financing small and medium-sized businesses;

·         International Finance Corporation for financing small and medium-sized businesses;

·         “Symbiotics SA” Swiss investment fund for financing small and medium-sized businesses;

·          “Invest in Visions” German investment fund for financing small and medium-sized businesses;

·         European Bank for Reconstruction and Development for financing green projects of small and medium-sized businesses;

·         European Bank for Reconstruction and Development for financing women entrepreneurs in small and medium-sized businesses;

·         The International Islamic Trade and Finance Corporation (ITFC) for financing the private sector.

Along with this, one of the significant events in the current year was the increase in capital of the Bank through additional investments from the current shareholders: “DEG” German financial institution, Dutch “Triodos Investment Management” fund and “Rent Agro” LLC. The total investment amounted to UZS 154 billion. These funds allowed the Bank its ability to increase its loan portfolio and market share in Uzbekistan.

To date, the Bank has established cooperation with more than 20 foreign partners and is actively expanding its international cooperation in order to provide a wider range of modern banking services to its customers.