Ipoteka Bank OTP Group and EBRD Sign RSF Framework Agreement to Support Corporate Sector Growth in Uzbekistan

Ipoteka Bank OTP Group and the European Bank for Reconstruction and Development (EBRD) have signed a framework agreement under the Risk Sharing Facility (RSF). The agreement was signed by Ipoteka Bank CEO Sandro Rtveladze and EBRD First Vice President and Head of Client Services Greg Gayett, marking an important step in developing corporate sector financing in Uzbekistan. The presence of EBRD’s senior management at the signing highlights the strategic importance of the partnership and Uzbekistan’s key role in the Bank’s regional activities. The RSF framework will enhance Ipoteka Bank’s ability to provide corporate clients with flexible and sustainable financial solutions, particularly for medium and large enterprises, supporting further business growth in key sectors of Uzbekistan’s economy. The initiative aligns with government reforms aimed at creating a more favorable environment for private sector development and investment attraction. Sandro Rtveladze, CEO of Ipoteka Bank, said: "This agreement reflects Ipoteka Bank’s commitment to supporting Uzbekistan’s corporate sector. Together with the EBRD, we are expanding our ability to provide tailored financial solutions that foster sustainable business growth and the country’s economic development." Greg Gayett, First Vice President and Head of Client Services at EBRD, commented: "We are pleased to deepen our partnership with Ipoteka Bank through this agreement. EBRD and OTP Group share a long-standing relationship, collaborating in several countries through OTP’s subsidiaries. Our support strengthens the bank’s capacity to finance the corporate sector, a key factor for broader economic development and financial sector resilience in Uzbekistan." The RSF framework agreement demonstrates both organizations’ commitment to sustainable banking principles and support for corporate clients in Uzbekistan, promoting transparency, resilience, and long-term economic growth. About Ipoteka Bank Ipoteka Bank OTP Group is one of Uzbekistan’s leading financial institutions, offering a wide range of retail and corporate banking services. The bank is committed to improving financial accessibility and supporting sustainable economic development in the country. About EBRD The European Bank for Reconstruction and Development (EBRD) is an international financial institution supporting the transition to market economies and the development of private and entrepreneurial initiatives in over 30 countries across Europe, Asia, and Africa.