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Deutsche Bank specialists hold training programme for NBU employees

27.09.2015

In accordance with the decree of the President “On measures for further expansion of economic cooperation between the Republic of Uzbekistan and the Federal Republic of Germany” the capital city of Tashkent held a 5-day training programme for the employees of the National Bank for Foreign Economic Activity of the Republic of Uzbekistan.

It should be noted that the training courses had been organised by the Fund for support of export of small business and private entrepreneurship in cooperation with the Association for Development of Business Logistics and one of the leading banks of Germany, Deutsche Bank.

The objective of the training programme was to teach the participants new financial implements, which might prove useful while rendering financial services related to export operations, in particular in pre-export financing of small business and private entrepreneurship.

The opening ceremony of the training courses saw such attendants as Djakhongir Mustafaev, the Director-General of the Fund, as well as Jed Masur, an Assistant to the Vice President of Deutsche Bank, and Ben Bruno, the Vice President of Deutsche Bank in New York.

Jed Masur introduced the employees of the National Bank to the objectives, the structure, and the activities of Deutsche Bank. The specialists further conducted lectures on introduction to corporate governance, financial reporting, financial benchmarking, corporate financing, and a number of other topics.

“It’s an exciting opportunity for myself and my colleague Jed Masur to be teaching here at the National Bank about particular subjects, like corporate governance and banking strategy. It’s important to note that Uzbekistan is the major trade partner of Germany in Central Asia, and such intitiatives help to boost further cooperation and foster economic relations,” says Ben Bruno, Vice President of Deutsche Bank in New York.

It should be noted that such training programmes, held in cooperation with leading commercial institutions from foreign countries, ultimately expand the skill-set of bank employees and contribute to the development of banking sector. 

 

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Time for processing takes 1-3 days depending on the completeness of the documents submitted.

Various collateral, including real estate, motor vehicles, as well as sureties of individuals or legal entities are accepted.

Penalty-free early repayment of the loan is permitted

The period of registration of the company at the time of filing the application must be more than 6 months

It's worth noting that insurance and collateral costs may be in addition to the principal interest for the loan. However, there are no hidden costs

Answer:
- Passports of founders, director, chief accountant;
- Order for Director’s appointment;
- Certificate of state registration;
- Decision of founders;
- Licenses;
- Cadastre file/ data sheet for the collateral;
- Photo of the collateral;
- Contract with the supplier;
- Copy of the rental agreement/ certificate
- Certificate of ownership for the premises used for business;

This list is not exhaustive for loan consideration and the consideration and Bank staff may request other information and documents regarding project concerned.