Ipak Yuli Bank Deepens Cooperation with EBRD

Tashkent, Uzbekistan (UzDaily.com) — Ipak Yuli Bank has signed an agreement with the European Bank for Reconstruction and Development (European Bank for Reconstruction and Development) under the Trade Facilitation Programme (TFP).

The signing took place on April 13, 2026, in London. Following the agreement, the Uzbek bank has been granted the status of a confirming bank.

This new status enables Ipak Yuli Bank to issue guarantees for international trade transactions, strengthening the protection of participants in foreign economic activity and improving the reliability of settlements with overseas partners.

Participation in the programme provides the bank’s clients with expanded access to documentary trade finance instruments, including letters of credit and bank guarantees supported by the EBRD. This is expected to further develop international trade financing and strengthen the bank’s position in servicing foreign economic operations.

According to Deputy Chairman of the Management Board of Ipak Yuli Bank, Forruhk Iskhakov, cooperation with the EBRD represents an important milestone in the development of trade finance operations and allows the bank to offer more reliable and competitive solutions for international settlements.

The bank also notes that instruments such as Tradeloan and factoring are already used to support businesses engaged in foreign contracts.

Tradeloan enables timely settlements with foreign partners under specific deals, while factoring allows companies to receive up to 100% of invoice value immediately after shipment without waiting for buyer payment.

Obtaining confirming bank status under the EBRD TFP further strengthens the reliability of these instruments and expands companies’ access to international markets.