Eskhata Bank received the TSCFP award “Leading Partner Bank in Tajikistan”.

Eskhata Bank received the TSCFP award “Leading Partner Bank in Tajikistan”.

This is the second time that Eskhata Bank OJSC was nominated under the TSCFP program “Leading partner bank in Tajikistan for 2019”. The award ceremony for the Asian Development Bank TSCFP 2020 program was held online on October 28, 2020.

For more than 6 years, Eskhata Bank OJSC has been providing its clients with trade finance products, such as guarantees and letters of credit with subsequent financing, with the support of the TSCFP program of the Asian Development Bank.

Within the framework of this program, supporting small and medium-sized businesses, especially the export and import of goods and services from far abroad, Eskhata Bank provides its clients with the opportunity to maintain liquidity, expand turnover, cash flow, and most importantly, provides resources at prices below market prices, attracted from international financial institutions.      

Every year the number of the Bank's clients who widely use these products is increasing. For example, a letter of credit. During a global pandemic, letter of credit plays an important role as it is the safest instrument in international trade. The letter of credit minimizes various risks of countries, the currency of the import transaction, controls the delivery time and guarantees payment after the submission of documents on the fact of shipment of goods to the buyer.

For information:

The Trade Finance Business (TF) of the Asian Development Bank's Trade and Supply Chain Finance Program (TSCFP) is filling market gaps in trade finance by providing guarantees and loans to banks. TF supports billions of dollars in trade worldwide and supports sustainable job creation and economic growth in developing Asia.

TSCFP works with over 240 banks in 21 countries to provide companies with the financial support they need to import and export in Asia's most challenging markets.

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