The regular annual general meeting of shareholders was held

 On May 22, 2025, the regular annual general meeting of shareholders of Private Joint-Stock Bank “Trustbank” was held. The meeting was chaired by M. Karimova, a member of the Supervisory Board of PJSB “Trustbank”.
 At the meeting, several issues on the agenda were discussed. Specifically, S. Normukhamedov, the Chairman of the Management Board of PJSB “Trustbank”, presented a report on the results of “Trustbank” JSC’s activities in 2024 and its development prospects for 2025. As noted, significant growth was observed in the main areas of banking activity in 2024. Specifically, the loan portfolio increased 1.2-fold, while capital grew 1.3-fold. Furthermore, last year, the rating agency “Standard&Poor’s Global Ratings” affirmed Trustbank’s credit rating at the “B+” level with a “Stable” outlook, while the “Axbor-rating” agency confirmed it at the “uzA+” level with a “Positive” outlook. Furthermore, during the reporting year, efforts to introduce new products and services continued intensively. Specifically, a factoring service was established for purchasing accounts receivable for goods and products delivered to clients. Additionally, the international premium “Visa Infinite” card was introduced.
 Another aspect is that special attention was paid to cooperative relations with foreign financial institutions, resulting in a number of agreements. Specifically, a loan agreement was signed with Raiffeisen Bank International AG to secure a credit line of 10 million euros. Additionally, a bilateral agreement worth 30 million dollars was signed with the Islamic corporation for the development of the private sector. At the meeting, the following matters were considered: the conclusion on the audit results of the Bank’s financial and economic activities for 2024, the annual report for 2024, profit distribution, extension of the employment contract with the Chairman of the Management Board of JSCB “Trustbank”, the report of the Bank’s Supervisory Board on compliance with corporate governance standards for the year 2024 and other issues included on the agenda. At the meeting, instructions were given to the Bank’s Management Board to strictly adhere to the economic standards established by the Central bank of the Republic of Uzbekistan, further improve the quality of services and carry out systematic work to expand the range of online banking services. Additionally, relevant decisions were made regarding the issues discussed at the meeting.