Ipoteka Bank OTP Group and Uzenergosotish JSC have signed a Master Agreement for the provision of a USD 31.5 million bank guarantee to support projects aimed at modernizing Uzbekistan’s energy system. This agreement further strengthens the strategic partnership between two key players in the country’s economy.

The bank guarantee provided by Ipoteka Bank will help enhance the efficiency and sustainability of Uzbekistan’s energy sector by leveraging international expertise and advanced banking technologies.

Irakli Elashvili, Deputy Chairman of the Management Board of Ipoteka Bank OTP Group:

“The signing of the Master Agreement with Uzenergosotish JSC is an important step in reinforcing our partnership and a confirmation of our commitment to supporting key stakeholders of Uzbekistan’s economy. We are pleased to offer modern financial solutions that will help strengthen the resilience and operational capacity of the energy sector. Ipoteka Bank OTP Group will continue to apply international standards and expertise to support large-scale projects that contribute to the development of the country’s infrastructure and economy.”

About Ipoteka Bank OTP Group

Ipoteka Bank OTP Group is one of the leading banks in Uzbekistan, serving over 3 million retail customers and more than 2,600 corporate clients. The bank is the market leader in mortgage lending and microfinance and actively supports national projects across key industries. In 2025, Ipoteka Bank signed strategic agreements with major partners such as Uzbekneftegaz JSC, Shurtan Gas Chemical Complex LLC, ACWA Power, and UzAuto, focusing on the development of the energy sector, infrastructure, and the automotive industry, further strengthening its role in the country’s economy.