Uzbekistan

Tashkent

Business centre “Avalon”, off. 1E
Oybek Street 38a
Tashkent, 100 015, Uzbekistan
Map
Tel.: +998 90 998 98 81, +998 71 140 33 36
Fax: +998 71 140 33 36
  • Secure investment in the company's development

    Our client planned opening a business in a neighboring country. He appointed his nephew as the head of this new business.
    • The client was trustful to his relative but at the same time he understood that the family ties played against him in terms of control and discipline. Moreover, the country was known for its specific risks.

      The money for the new business development can be invested in different ways, but our client has chosen a fiduciary contract as the most rational option. Thus, funds for business development were sent as a bank loan with the credit rate fixed by the client.

    • Credit obligations and strict repayment schedule disciplined our client’s nephew. At the same time credit interests reduced the borrower's income tax base. We provided a competent legal performance of the transaction, and now we’re regularly monitoring the execution of payments.

    Andrejs Jermoņins

    Head of Private Banking Department South

  • Overdraft instead of conversion

    Our commercial client pays to his suppliers in euros and sells goods for U.S. dollars.
    • Once, when it was time to pay to the supplier and our client had dollars on his account, he saw that the dollar against the euro was growing, so he decided that it was not profitable to buy euros at the moment, and it would be better to do it later.

      The client called us for advice. His private banker offered him to take an overdraft in euro secured by dollars the client had on his current account.

    • Thus the client would be able to pay in euro for the delivery immediately, and to convert later when paying off the overdraft.

      The client was correct in his forecast of currency rate change, and ultimately the cost of the overdraft was significantly lower than the rates difference that provided the client with an extra profit from the transaction.

    Sergei Deinekin

    Head of Private Banking Department West