MKBANK Expands International Ties to Attract up to US$100 Million

Tashkent, Uzbekistan (UzDaily.com) — JSCB Microcreditbank (MKBANK) has announced a significant expansion of its international cooperation and entry into new investment markets. The financial institution officially concluded a tripartite Memorandum of Cooperation with foreign companies Seaport Global (DIFC) Ltd and Alvarez & Marsal Central Eurasia.

The main strategic goal of the signed document is the joint development, detailed analysis, and structural formation of new mandate portfolios. Within the framework of this agreement, MKBANK expects to utilize a wide range of modern international financing instruments to gradually attract foreign investment funds and capital totaling up to US$100 million.

Official representatives of the financial institution emphasize that integration with major international consulting and investment structures will allow the bank to diversify its sources of borrowed capital.

In the medium term, this partnership will serve as a powerful catalyst for creating qualitatively new, flexible, and accessible financial products, and will open up additional credit and investment opportunities for MKBANK's corporate and private clients in the domestic market of Uzbekistan.