The Central Bank has accredited a representative office of the Export-Import Bank of China, the Bank’s press service said.
The representative office has reportedly been set up with an aim to study Uzbekistan’s financial market and establish cooperation with government agencies and commercial banks.
The Export-Import Bank of China was founded in 1994. It is a state-owned political bank whose goal is to support China's international trade, investment and economic cooperation, and is directly subordinate to the State Council of the People's Republic of China.
The bank has 32 branches in China and representative offices in Hong Kong, Paris and South and East Africa, North and West Africa, and Russia.
This will be the eighth representative office of a foreign bank in Uzbekistan, along with:
- J.P. Morgan Chase Bank (USA);
- Commerzbank, Landensbank Baden-Wurttemberg (Germany);
- Shinhan Bank, Korea Eximbank (Republic of Korea);
- Gazprombank (Russia);
- Orienbank (Tajikistan).
