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JSCB "Mikrokreditbank" was one of the first commercial banks in Uzbekistan to sign a memorandum worth 40 million euros with the European Investment Bank

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JSCB "Mikrokreditbank" was one of the first commercial banks in Uzbekistan to sign a memorandum worth 40 million euros with the European Investment Bank

Microcreditbank has taken an important initiative to further strengthen cooperation in the international arena. On April 3-4 of this year, as part of the first Central Asia - European Union summit held in Samarkand, JSCB "Microcreditbank" signed a memorandum with the European Investment Bank.

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It should be noted that cooperation with the European Investment Bank will increase the credibility of Microcreditbank in the international arena, making it a more attractive financial institution for global investors. This will open up new strategic partnership opportunities for the bank.

Also, through this memorandum, Mikrokreditbank JSCB will strengthen its efforts to operate in accordance with the principles of ESG (Environmental, Social and Corporate Governance). The bank is expected to offer financial products and services aimed at sustainable development and have a positive impact on environmental and social stability in the region.

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The Memorandum provides an opportunity for the Microcredit Bank to implement various projects in partnership with European Union governments and international donor organizations.

Such initiatives pave the way for the bank to work more closely with international partners and participate in new financial programs.

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