TASHKENT, Uzbekistan, February 17. Uzbekistan
and Germany’s Landesbank Baden-Württemberg (LBBW) have agreed to
develop a comprehensive cooperation roadmap and expand financing
for high-tech and export-oriented projects, Trend reports via the Uzbek
Ministry of Investment, Industry and Trade.
The agreement was reached during a meeting between Deputy
Minister of Investment, Industry and Trade of Uzbekistan, Ilzat
Kasimov, and Didem Ozgurel, Executive Director of LBBW.
The talks focused on prospects for increasing direct lending,
introducing refinancing mechanisms through Uzbekistan’s commercial
banks, and strengthening corporate financing supported by export
credit agencies.
The sides also agreed to identify priority projects, conduct
joint evaluations, and ensure their phased implementation.
LBBW has financed more than 60 investment projects in Uzbekistan
across various sectors over the past decade, underscoring the
growing scale of bilateral cooperation.
Landesbank Baden-Württemberg (LBBW) is a major German universal
bank, headquartered in Stuttgart, acting as both a commercial bank
and the central institution for Sparkassen (savings banks) in
Baden-Württemberg, Saxony, and Rhineland-Palatinate. With ~EUR 356
billion in assets and ~10,000 employees, LBBW serves corporate
clients, particularly the "Mittelstand," institutional investors,
and private customers.
