JSCB "Business Development Bank" is actively supporting Uzbekistan’s economic transformation while reinforcing its role as a trusted and forward-looking partner for international financial institutions. The bank remains firmly committed to expanding its international presence and fostering long-term cooperation, particularly with leading institutions across the European Union.

To date, the bank has established strong working relationships with several major European financial institutions, including the European Investment Bank, the French Development Agency (AFD), Commerzbank, AKA Bank, Helaba, ODDO BHF, Raiffeisen Bank, and UBAF.

Furthermore, the bank has accumulated valuable experience in financing investment projects in collaboration with export credit agencies such as Germany’s Hermes and Austria’s OeKB.

As a result of these efforts, the bank has concluded agreements amounting to more than €110 million with institutions such as the European Investment Bank, Commerzbank, AKA Bank, Helaba, and ODDO BHF. In addition, partnership agreements totaling €56 million have been signed with AFD, Raiffeisen Bank, and UBAF.

As part of these partnerships, the bank provides financing to support entrepreneurship, including women-led businesses, and facilitates the implementation of international trade agreements.

Furthermore, with the support of development banks such as AFD and KFW, the Business Development Bank is working to integrate international best practices into its operations. These efforts also include providing professional training and organizing workshops aimed at strengthening the capacity of local entrepreneurs.

About the Bank

The Business Development Bank was established in 2023 following the restructuring of the former JSCB "Qishloq Qurilish Bank". Since its formation, the bank has prioritized effective governance and prudent risk management, contributing to the strengthening of its financial position.

As of April 1, 2025, the bank’s loan portfolio reached 22 trillion 530 billion 800 million UZS.  For the current year, the bank plans to allocate 10 trillion 400 billion UZS  in loans from all available funding sources.

Within the framework of Uzbekistan’s “district-level engagement” program, the bank aims to support employment for 279,000 individuals—115,000 in permanent positions and 164,000 through entrepreneurship and self-employment initiatives.

Press Service
Business Development Bank