Ipoteka Bank (OTP Group) and JSC UzAuto Motors Sign $50 Million Cooperation Agreement

Ipoteka Bank, a member of the OTP Group, and JSC UzAuto Motors have signed a $50 million cooperation agreement aimed at supporting the development of Uzbekistan’s automotive industry. The project will help expand local production chains and improve financing conditions for both dealers and customers.

This strategic partnership opens new opportunities for sustainable growth and innovation within the sector. Since joining the international OTP Group in 2023, Ipoteka Bank has been actively transforming from a specialized mortgage institution into a universal bank with advanced digital capabilities and a modern corporate infrastructure.

The collaboration is built on principles of trust and responsibility, contributing to Uzbekistan’s economic development and technological advancement.