Hana Bank to Cooperate on Investment and Finance with Uzbekistan’s Ministry of Investment, Industry and Trade… Establish Representative Office Within Year-End
According to Hana Bank on the 14th, it signed a business agreement with the Ministry of Investment, Industry and Trade of Uzbekistan on the 11th for cooperation in the investment and financial sectors.
Through this agreement, the two institutions agreed to identify potential financial cooperation opportunities in Uzbekistan and support Hana Bank's entry into the local market. They will also pursue comprehensive cooperation for the development and advancement of Uzbekistan's financial industry.
Hana Bank is pursuing the establishment of a local representative office in Uzbekistan, designating it as a key hub for its expansion into Central Asia. Once the office is established within the year, the bank plans to review the Central Asian financial market and business opportunities to embark on a full-scale entry into the local market.
"With this agreement, we will solidify our cooperative relationship with the government of Uzbekistan and identify cooperative projects that can contribute to the financial and economic development of both countries," said a Hana Bank official. "We will expand Hana Bank's global network and financial capabilities in the Central Asian region, using Uzbekistan as a base."