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SQB Expands Cooperation with Leading German Banks

On June 19–20, the 9th meeting of the Uzbekistan–Germany Business Council was held in Düsseldorf, Germany.
This traditional event is aimed at further strengthening cooperation between the business communities, leading companies, and financial institutions of both countries.

A number of promising agreements were reached during the event. In particular, SQB signed agreements totaling 100 million euros with Germany’s leading financial institutions — DZ Bank and AKA Bank.

These agreements are intended to support the financing of international trade operations for businesses in Uzbekistan, with a particular focus on micro, small, and medium-sized enterprises. Additionally, the banks agreed to implement joint projects in areas such as treasury operations, capacity building, and other strategic directions.

For reference:
DZ Bank is one of the largest banks in Germany, operating in the areas of corporate and retail banking, capital markets, and treasury services. The bank’s total assets amount to EUR 659.6 billion, and its equity capital stands at EUR 32.6 billion.

AKA Bank is a commercial bank established by major German financial institutions, including Deutsche Bank, Commerzbank, BayernLB, and LBBW. The bank specializes in export and trade finance.

This cooperation contributes to further strengthening international partnerships in Uzbekistan’s banking sector, enhancing the country’s investment attractiveness, and supporting the development of entrepreneurship.

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