08 June 2022

South Korean financial group BNK Financial Group is interested in entering the Uzbekistan market

The Ministry of Investment and Foreign Trade held a meeting with a delegation of the BNK Financial Group headed by a member of the Board of Directors of BNK Financial Group – Executive Director of BNK Capital Lee Doo-Ho.

During the talks, issues of the company’s investment plans regarding entry into the banking and financial market of Uzbekistan were discussed in detail. A foreign party provided detailed information on the company’s activities and experience on an international scale.

For reference: BNK Financial Group, a South Korean financial group consisting of Busan Bank, Kyongnam Bank, BNK Capital and other financial companies, was formed in 2011 in Busan (South Korea). BNK Financial Group has 379 branches and 114 branches in South Korea, as well as 28 branches and 3 representative offices abroad. BNK Financial Group has more than US $100 billion in assets.

In the context of mutual interest, special attention was paid at the meeting to a substantive discussion of the legislative framework of Uzbekistan, which enshrines the protection of the rights of foreign investors operating in the country.

Following the talks, the parties agreed to hold a number of new meetings, the purpose of which in a constructive dialogue to help the financial group of South Korea enter the Uzbekistan market. For this, a joint interaction plan will be developed.