The National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU) and the European Bank for Reconstruction and Development (EBRD) signed an agreement on technical assistance.
The agreement envisages promotion of Knowledge Bank from the leading international consulting organizations headed by KPMG, based on a study of international best practices in the implementation of lending technologies for small and medium-sized businesses (SMEs).
The main purpose of development and implementation of these lending technologies is the education and training of loan officers of NBU according to international standards, as well as capacity building in the field of SME lending and risk management.
Standards imply a clear distinction between sales functions and credit risk analysis to increase the efficiency of each banking unit responsible for these procedures and to increase the transparency of loan disbursement.
These standards will make it possible to provide financing to SMEs as soon as possible and at the same time to issue high-quality loans.
In turn, the events held will allow NBU to provide comprehensive support to SMEs, and also serve as a lever for the growth of bank customers from the level of small businesses to large ones.
