Transactional Banking

In accordance with the decree of the Cabinet of Ministers of the Republic of Uzbekistan dated July 21, 2014 No. 199, as well as in order to monitor foreign trade operations of business entities, the bank reconciles data in the Unified Electronic Information System of Foreign Trade Operations (UEISVO) with the terms of the contract (incl. the presence of an opinion of the Ministry of Foreign Economic Relations, Investments and Trade of the Republic of Uzbekistan on contracts subject to examination by MFERIT).

Requirements for foreign trade contracts must comply with the current regulations, (Decree of the President of the Republic of Uzbekistan dated 02.09.2017 No.UP-5177 "On priority measures to liberalize foreign exchange policy", Resolution of the Cabinet of Ministers of the Republic of Uzbekistan dated 21.07.2014 No. 199 " On additional measures to improve monitoring of foreign trade operations in the Republic of Uzbekistan ", Resolution of the President of the Republic of Uzbekistan dated 03.11.2017 No. PP-3351" On measures to further liberalize foreign trade and support business entities "), the implementation of which is mandatory for all participants in foreign economic activity.

The Bank carries out transactions for the purchase and sale of foreign currency in the over-the-counter foreign exchange market. In accordance with the Decree of the President of the Republic of Uzbekistan dated 02.09.2017 No. 5177, legal entities of the Republic of Uzbekistan can, without limitation, purchase foreign currency from commercial banks to pay for current international transactions (import of goods, works and services, repatriation of profits, repayment of loans, payment of travel expenses and other non-commercial translations).

To purchase foreign currency, enterprises and organizations-clients of the bank submit to the bank an application for conversion (this application can also be submitted in electronic form through the "Bank-client", confirmed by an electronic digital signature), in accordance with the form established by the Central Bank of the Republic of Uzbekistan, and the necessary documents. The submitted customer applications are considered by the expert group created by the bank within three days.

If the submitted documents meet the established requirements, the expert group prepares a bank conclusion, after which the application is put up for auction held at the Uzbek Republican Currency Exchange for the purchase of foreign currency. The purchase and sale of foreign currency by enterprises and organizations-clients of the bank is carried out in accordance with the concluded bilateral agreements and in accordance with the requirements of the current legislation.

The following regulations establish and regulate the procedure for conducting conversion operations:
Resolution of the Cabinet of Ministers of the Republic of Uzbekistan No. 294 of 10.07.2001 "On measures for the organization and functioning of the OTC market"
Resolution of the Cabinet of Ministers of the Republic of Uzbekistan No. 294 of 10.07.2001 "On measures for the organization and functioning of the OTC market"

Uzpromstroybank, in the interests and on behalf of its customers and correspondent banks, carries out settlement operations in the form of documentary letters of credit and collection.

Due to the bank's reputation as a reliable partner, its letters of credit and collection are accepted by all the world's leading banks on account of lines exceeding USD 350 million, and a wide network of correspondent banks and modern communication facilities enable documentary transactions to be carried out in the shortest possible time.

When accepting and executing documentary operations, Uzpromstroybank is guided by the Unified rules and customs for documentary letters of credit, publication MTP No. 600, edition 2007, and the Unified rules for collection of ICC No. 522.

Increasing the efficiency of operations through the use of documentary forms of settlements creates opportunities for clients and correspondent banks of Uzpromstroybank to attract new business partners, expanding its trade and economic activities and increasing the volume of transactions.

At the stage of preparing the contract, the bank's specialists will provide qualified advice in choosing the most effective structure for documentary settlements under the contract.

For the execution of instructions of correspondent banks on documentary operations, Uzpromstroybank charges commission fees and interest in accordance with the tariffs of the commission for the execution of instructions of correspondent banks. For the fulfillment of client orders for documentary operations, Uzpromstroybank charges commission fees and interest in accordance with the tariffs of the commission for the fulfillment of client orders.

Interacting with leading foreign and republican credit and financial institutions, Uzpromstroybank offers its customers a wide range of services in the field of international settlements, provides customers with more convenient service conditions.

Uzpromstroybank has more than 380 correspondent banks, including 361 foreign banks in 58 countries of the world, including first-class banks in Europe and the United States, such as Commerzbank AG, Landesbank Baden-Württemberg, Banque de Commerce et de Placements SA, Raiffeisenbank International AG, Citibank NA, JP Morgan Chase Bank NA

The evidence of a high business reputation in the international financial markets is that The evidence of a high business reputation in the international financial markets is that Uzpromstroybank, as one of the most successful banks of the republic recognized abroad, offers its clients comprehensive services for foreign economic activity, qualified consulting, and, if necessary, develops individual settlement schemes.

The main clients in the bank's system are enterprises of the oil and gas, fuel, chemical industries, as well as enterprises of the energy, mechanical engineering and construction industries.