25 Years of Stability
On the financial map of the country, the Uzbek-Turkish Bank Closed Joint-Stock Company became the first financial and lending institution among commercial banks established with the involvement of foreign investments. It was founded in 1993 with the involvement of the capital of the two largest banks - Turkish T.C. Ziraat Bankasi AS and Uzbek Agrobank Joint-Stock Commercial Bank.
For two decades, the Uzbek-Turkish Bank has proved to be one of the most successful banks in the Republic of Uzbekistan.
A key to this was the desire for continuous development and high professionalism of the team, which is evidently expressed as our stable position in the banking sector. Today, the bank is at a new stage of development that will allow making the bank even more successful and will lead to a creation of new advantages for customers.
Today, at least two factors influence the bank activities. First, its work has been supplemented by the elements of operations of the oldest Turkish T.S. Ziraat Bankasi, which wide experience and quality of services have long been recognized in the global financial and banking market. The second factor is the active assistance in the development of joint Uzbek-Turkish companies and Turkish representative offices accredited in Tashkent.
The Uzbek-Turkish Bank has been actively working in the country for 20 years, and the Republic of Uzbekistan has long been successfully cooperating with business circles of various countries of the world demonstrating itself as the country with a rapidly developing modern commercial industry.
The Bank more belongs to a universal category of banks that are active in the corporate segment. This refers to lending to companies, and above all, joint Uzbek-Turkish companies, small and medium-sized enterprises, private entrepreneurship, conducting and executing export-import operations.
As we work on the territory of Uzbekistan and are a joint bank, the state policy regarding the banking sector, which is based on the preservation and strengthening of the market principalities of all Uzbek commercial banks, is also relevant for ours. Namely, indirect methods of influence on the processes occurring in each of the banks of the country are applied. And it means that we work within the legislative and regulatory framework approved and implemented in Uzbekistan. This allows us developing adequate and acceptable mechanisms and tools for activities - namely, it is a normal standard set of banking services. And the application of advanced banking technologies, flexible tariffs, and an individual approach to the specifics of customers' businesses lead to their dynamic growth. As a result, a real development of the two strategic banking business directions - corporate and retail. That, first of all, involves the expansion of the range of services, development of new banking products in accordance with market demands and providing the needs of its customers as part of the provision of services according to international standards both in our country and abroad.
On November 30, 2017, Ziraat Bankası, as a result of the transaction on sale of shares of UTBANK JSC, fully redeemed a 50% stake from Agrobank and became a full owner of the Uzbek-Turkish Bank.
Upon completion of the transaction, the sole shareholder of UTBANK JSC, which was the Turkish State Bank Ziraat Bankası, decided to rename the bank to Ziraat Bank Uzbekistan.
The investments made by the Turkish side are a result of ongoing work on implementation of one direction of the action strategy for the further development of Uzbekistan aimed at improving the investment climate.
The sole shareholder of Ziraat Bank Uzbekistan, the Turkish State Bank Ziraat Bankası, has more than a half-century long history.
This is the largest lending institution in Turkey. Ziraat Bankası provides its customers with corporate, commercial, agricultural and retail services possessing the most extensive branch network with more than 1800 branches in the Republic of Turkey.
Ziraat Bankası is a powerful financial institution, both nationally and globally. Ziraat Bankası has branches and subsidiary banks in 19 countries.
Moreover, Ziraat Bankası has subsidiaries that are part of the Ziraat Financial Group and operate in such areas as financial leasing, pension funds, insurance, real estate, investment banking, portfolio investments, and information technologies.