(MENAFN- Trend News Agency)
BAKU, Azerbaijan, July 4. German AKA European
Export & Trade bank is prepared to support German investors, as
there are very interesting possibilities to receive support from
Germany in the form of investment guarantees, Chief Executive
Officer Strategy and Development and market-independent spokesman
for the bank Marck Wengrzik told Trend in an exclusive interview.
“We are obviously prepared to support German investors in their
plans to invest in Uzbekistan. Specifically, there are very
interesting possibilities to receive support from the German
government in the form of investment guarantees. This is an
instrument that I personally find very interesting, but
unfortunately, too many German companies are not aware of it,” he
said.
According to him, the bank analyzes the export streams of
capital goods from Germany and Europe to Uzbekistan in order to
evaluate the possibility of financing these exports with
Uzbekistan's financial institutions, government agencies, or
companies as potential borrowers.
“However, we also support financial institutions and companies
with their general financing requirements and examine possibilities
for pre-financing raw material exports from Uzbekistan,” Marck
Wengrzik noted.
He emphasized that the key areas of AKA Bank's transactions
focus on the economic sectors of textile manufacturing, healthcare,
power generation, and mining in Uzbekistan.
“On the one hand, our services support German and European
exporters in their export activities by providing the appropriate
financing to make their commercial offer more attractive. On the
other hand, we provide long-term financing for Uzbekistan customers
and thus, offer the necessary support for further investments,”
Marck Wengrzik added.
Earlier in 2019, the National Bank of Uzbekistan and AKA Bank
signed a loan agreement for 100 million euros to develop trade and
economic ties between Uzbekistan and European countries.
The agreement, in particular, provides for the allocation of
credit lines to the National Bank of Uzbekistan to finance
investment projects, as well as projects of small business and
private entrepreneurship involving the import of goods and services
from Germany and other EU countries.
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