Tashkent, Uzbekistan (UzDaily.com) -- The Embassy of the Republic of Uzbekistan in Japan held negotiations with the vice president of MUFG Bank, Ltd. Hitoshi Takeuchi and MUFG Bank Ltd employee Kentaro Quick.

MUFG Bank, Ltd. is the largest bank in Japan. The bank was established on January 1, 2006 as a result of the merger Bank of Tokyo-Mitsubishi, Ltd. and UFJ Bank Ltd. MUFG is one of the three so-called Japanese megabanks.

During a meeting with representatives of MUFG Bank, Ltd. the progress of the implementation of joint projects in various sectors of the economy, including the attraction and use of credit lines of MUFG Bank, Ltd. to finance investment projects were considered.

The embassy proposed to intensify work on the use of credit lines, as well as mechanisms, in particular for private business in Uzbekistan. Representatives of MUFG Bank, Ltd. expressed their readiness to consider the possibility of expanding their presence in Uzbekistan.

As a result of the negotiations, an agreement was reached to continue cooperation, including the further attraction of credit lines from MUFG Bank, Ltd. to finance promising investment projects in private business.