Raiffeisen Bank International Selects Kapitalbank as Its Local Partner in Uzbekistan’s Capital Market

In line with RBI’s direct access model, the bank has established a direct link to the Uzbekistan Central Securities Depository (UZCSD). Kapitalbank will complement this setup by providing operational support and local market expertise.

In this capacity, Kapitalbank will deliver execution and operational support for transactions in local financial instruments, including sovereign and corporate securities, as well as foreign exchange transactions. The bank will act as a key local partner, supporting RBI and its international client base.

RBI is one of the leading banking groups in Central and Eastern Europe, serving a broad international client base and bringing extensive experience in working with institutional investors, corporates and asset managers. This partnership reflects the growing interest among foreign investors and financial institutions in Uzbekistan’s capital market, driven by ongoing economic reforms, continued development of financial market infrastructure and the gradual expansion of local-currency investment opportunities.

For Kapitalbank, this cooperation represents an important step in advancing its investment banking strategy and strengthening its position as a key participant in Uzbekistan’s capital market. It further enhances the bank’s role in facilitating access for international investors to local financial instruments.

Hasan Mirzajonov, Managing Director of Kapitalbank, commented:

“We are witnessing steadily increasing interest in Uzbekistan’s capital market from foreign banks, institutional investors and international financial organizations. Raiffeisen Bank International’s decision to select Kapitalbank as its local partner reflects strong confidence in our expertise, the quality of our transaction support capabilities and our deep understanding of the local market. We believe this cooperation will contribute to broader participation of international investors in the country’s economy and support the continued development of Uzbekistan’s capital market.”

Radoslaw Ignatowicz, Product Owner – Custody, Group Prime Services at Raiffeisen Bank International, added:

“Uzbekistan represents a compelling opportunity for international investors, supported by sustained economic reforms, continued financial market development and the country’s growing investment potential. Our cooperation with Kapitalbank will enable us to establish an effective local presence and expand investment opportunities for RBI and our international clients.”