German AKA Bank Ready to Support German Investors in Uzbekistan
The Chief Executive Officer Strategy and Development of AKA European Export & Trade Bank, Marck Wengrzik, expressed the bank’s readiness to support German investors looking to invest in Uzbekistan. He highlighted the interesting opportunities for German investors to receive support from the German government in the form of investment guarantees.
AKA Bank analyzes export streams of capital goods from Germany and Europe to Uzbekistan to assess the potential for financing these exports through Uzbekistan’s financial institutions or companies. The bank also aids financial institutions and companies with general financing needs and explores options for pre-financing raw material exports from Uzbekistan.
AKA Bank primarily focuses on supporting economic sectors such as textile manufacturing, healthcare, power generation, and mining in Uzbekistan. They aim to enhance German and European exporters’ activities by providing financing and offer long-term financial support for Uzbekistan customers to facilitate further investments.
In 2019, AKA Bank signed a 100 million euro loan agreement with the National Bank of Uzbekistan to strengthen trade and economic ties between Uzbekistan and European countries, supporting investment projects and small businesses importing goods and services from Germany and other EU nations.