Business Announcement and Updates

On May 1, 2013, Representatives of Korean Bank "KDB Bank Uzbekistan" headed by Yong Kyu Kwak, Chairman of the Board of "KDB Bank Uzbekistan" visited "Free Industrial Economic Zone "Navoi".

During the visit, several aspects were discussed in order to enhance the cooperation with "KDB Bank Uzbekistan" and for the development of the financial industry of Uzbekistan.

It was especially noted, in close relationship with the client enterprise "KDB Bank Uzbekistan" assists not only in providing information to the Korean businessmen interested in the arrival on the market of Uzbekistan, but also through the provision of financial services and assistance in the conduct of business is already operating in Uzbekistan Korean companies .

- In the future we will also actively promote the involvement of South-Korean companies, including foreign investment in Uzbekistan. At present, many foreign investors have shown their interest in the "Free industrial economic zone "Navoi" - said Mr. Yong Kyu Kwak.

"KDB Bank Uzbekistan", together with the National Bank of Uzbekistan plans to open a branch in the "Free industrial economic zone "Navoi" in 2013.

National Program of Uzbekistan "Free industrial and economic zone Navoi" is the first experience of creating a free economic zone in Central Asia.

Accordingly, "KDB Bank Uzbekistan" will contribute to the success of the "Free industrial economic zone "Navoi", providing financial assistance to Korean companies, as well as resident companies who have been created in FIEZ "Navoi" - said Yong Kyu Kwak.

Head of "KDB Bank Uzbekistan" is confident that the bank will continue to contribute to the economic growth of Uzbekistan through the introduction of advanced banking services, provide advice and financial assistance in the social sector and to engage in other banking activities.

It should be noted that the "KDB Bank Uzbekistan" is recognized as the global financial institution of international credit rating agencies.