Ipoteka Bank OTP Group and the Shurtan Gas Chemical Complex Announce Strategic Partnership for Innovation-Driven Development and Economic Growth in Uzbekistan
Posted by: 13 june, 2025
The Shurtan Gas Chemical Complex, one of Uzbekistan’s largest industrial enterprises, and Ipoteka Bank, a member of the leading European financial institution OTP Group, have entered into a strategic partnership agreement. This collaboration marks the beginning of a new era in delivering innovative financial solutions and supporting sustainable development. The partnership aims to strengthen the enterprise's financial infrastructure while actively contributing to the country’s economic growth.
As part of this cooperation, Ipoteka Bank OTP Group will provide a comprehensive range of modern financial services, including trade finance, foreign exchange operations, payroll management, and efficient cash management solutions. Leveraging OTP Group’s cutting-edge technologies and international expertise, the bank will also offer strategic advisory services and innovative risk management solutions. These efforts will enable the Shurtan Gas Chemical Complex to significantly enhance its financial resilience and operational efficiency.
Centralizing banking services within Ipoteka Bank OTP Group will further solidify the bank’s role as a reliable and innovative financial partner, creating a strong foundation for the joint implementation of forward-looking projects aimed at modernizing industry and driving Uzbekistan’s dynamic economic development.
Sandro Rtveladze, CEO of Ipoteka Bank OTP Group, commented:
“We are pleased to announce our strategic partnership with the Shurtan Gas Chemical Complex—one of the key players in Uzbekistan’s industrial sector. This collaboration reflects our commitment to the country’s sustainable development through the introduction of innovative financial solutions and effective management tools.
With the expertise of OTP Group and access to advanced technologies, Ipoteka Bank strives to be a reliable partner in the implementation of the Shurtan Gas Chemical Complex’s ambitious projects. We believe that our joint efforts will enhance the enterprise’s operational performance and financial stability, contributing to long-term economic growth.
This partnership is an important step in developing Uzbekistan’s financial infrastructure and demonstrates our dedication to supporting national priorities while fostering innovation and progress.”
This alliance is founded on principles of trust, responsibility, and a shared commitment to long-term success, supporting Uzbekistan’s ambitious goals for sustainable economic growth and technological advancement.
