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History of the Bank

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2022 - Memorandum of Understanding signed

On June 3, 2022, during its participation in the 47th Annual Meeting of the Islamic Development Bank Group, Trustbank signed a Memorandum of Understanding with the Islamic Corporation for the Development of the Private Sector (ICDPS). The purpose of this document is to strengthen cooperation and expand joint work in the area of application of Islamic Finance instruments.

3 Jun 2022 y.
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2022 - Awarding of international service quality certificate ISO 9001:2015

On April 29, 2022, Russian Register Certification Association audited the effective functioning of the quality management system and as a result "Trustbank" was certified according to ISO 9001:2015 for successful completion of the audit.

29 Apr 2022 y.
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2022 - Credit rating of Private Joint-Stock Bank "Trustbank" moved to a new level

April 29, 2022, Information-Rating Agency has awarded Private Joint-Stock Bank "Trustbank" with Individual Credit Rating Certificate with "Positive" outlook according to national scale "uzA+" on the results of monitoring for 2021.

29 Apr 2022 y.
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2022 - "Trustbank" Private Joint Stock Bank receives ISO 37001 international certification

"Trustbank" was one of the first banks in Uzbekistan to obtain the international ISO 37001:2016 anti-corruption certificate.

18 Feb 2022 y.
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2021 - Opening of the Bektemir branch

Bektemir branch of PJSB "Trustbank" was inaugurated on December 23.

23 Dec 2021 y.
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2021 – "Fitch Ratings" confirmed the rating

"Fitch Ratings-Moscow" affirmed Private Joint-Stock Bank Trustbank's Long-term foreign and local currency Issuer Default Ratings (IDR) at 'B' with a Stable Outlook on 25 November 2021.

25 Nov 2021 y.
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2021 - "Most active and long standing partner of ITFC in Uzbekistant"

On September 1, 2021 PJSB Trustbank was awarded the title of "Most active and long standing partner of ITFC in Uzbekistant".

1 Sep 2021 y.
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2021 - Opening of the Bukhara branch

On 3 March 2021, the Bukhara branch of the bank opened.

3 Mar 2021 y.
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2021 - "Trustbank" is recognised as the winner of the 2020 Choice of the Year Award.

Private Joint-Stock Bank Trustbank was named the winner in the nomination "Private Bank with the Highest Quality of Customer Service in 2020" at the "Choice of the Year - 2020" ceremony conducted by the Uzbekistan National News Agency.

8 Jan 2021 y.
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In 2020, the General Agreement was signed

The General Loan Agreement was signed between Private Joint-Stock Bank "Trustbank" and Austrian Raiffeisen Bank International AG in the amount of 30 million euros.

23 Dec 2020 y.
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2020 - Signed a Framework Credit Agreement

On August 11, 2020, PJSB Trustbank and the State Specialized Russian Export-Import Bank (Roseximbank, part of the REC group) signed a Framework Credit Agreement (FCA), which provides PJSB Trustbank with short-term, medium-term and long-term financing.

11 Aug 2020 y.
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2020 - Agreement signed

International Islamic Trade and Finance Corporation (ITFC) and Private Joint-Stock Bank “Trustbank” signed the “Line of Trade Financing Agreement” in the amount of USD 8 000 000 on July 29, 2020.

29 Jul 2020 y.
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2020 - Private joint-stock bank "Trustbank" was one of the first in Uzbekistan to receive a rating “Positive”.

18 June this year, the member of the Association of Credit Rating Agencies of Asia - Rating Agency “Ahbor-Reyting”, as per the results of 2019, the Bank "Trustbank" received a credit rating with the forecast "Positive" according to national scale up to the level «uzA+”

18 Jun 2020 y.
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2020- the opening of the new building of the Termez branch

On the 2nd of March 2020 a new building of Termez branch was opened

2 Mar 2020 y.
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2019 - Agreement signed

On June 10, 2019, a Memorandum of Understanding and Further Cooperation was signed between the PJSB "Trustbank" and the Islamic Corporation for the Development of the Private Sector.

10 Jun 2019 y.
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2018 - ISO 9001:2015 - Quality certificate received

By results of the final meeting of the group of auditors of the international certification body for management systems (RVI, IAF) “Association for Certification “Russian Register” (Russia), it was made a decision that Trustbank’s management system is in comply with the requirements of ISO 9001:2015. Solemn ceremony of ISO 9001: 2015 certificates awarding to PJSB “Trustbank” was held on December 29, 2018.

29 Dec 2018 y.
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2018 - Agreement signed

International Islamic Trade and Finance Corporation (ITFC) and Private Joint-Stock Bank “Trustbank” signed the “Line of Trade Financing Agreement” in the amount of USD 4 000 000 on November 12, 2018.

12 Nov 2018 y.
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2018 - Agreement signed

Islamic Corporation for the Development of the Private Sector (ICD) and Private Joint-Stock Bank “Trustbank” signed the “Line of Financing Agreement” in the amount of USD 7 000 000 on July 9, 2018.

9 Jul 2018 y.
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2018 - Opening of the Jizzakh branch

In June 6, 2018, the Jizzakh regional branch of the bank was opened.

6 Jun 2018 y.
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2018 - "The most active issuer of 2017"

The Republican Stock Exchange "Toshkent" awarded "Trustbank" by the volume of commodity turnover as "The Most Active Issuer of 2017"

21 Feb 2018 y.
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2018 - "Fitch Ratings" confirmed the rating

"The rating agency Fitch Ratings-Moscow / London" in January 2018 confirmed to PJS "Trustbank" a long-term issuer default rating (IDR)in foreign and local currency at "B" with a "Stable" outlook. Short-term foreign and local currency IDR at "B". The stabiliyty rating is affirmed at "b". "

29 Jan 2018 y.
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2017 - Memorandum of cooperation signed

November 16, 2017 between PJSB "Trustbank" and Commerzbank (Germany) signed a Memorandum of mutual cooperation.

16 Nov 2017 y.
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2017 - Memorandum of cooperation signed

November 14,2017 between PJSB "Trustbank" and Raiffeisenbank International (Austria) signed a Memorandum of mutual cooperation.

14 Nov 2017 y.
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2017 - Signed General Agreement

November 10, 2017 PJSB "Trustbank" signed with the JSC "Transcapitalbank" the General Agreement.

10 Nov 2017 y.
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2017 - Memorandum of cooperation signed

November 10, 2017 between PJSB "Trustbank" and JSC "Promsvyazbank" (Russia) signed a Memorandum of cooperation.

10 Nov 2017 y.
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2017 - Reregistration of a bank license

Based on the Presidential Decree of the Republic of Uzbekistan № UP-5177 dated September 2, 2017 The Central Bank of the Republic of Uzbekistan has updated the bank's license for the right to conduct banking activities (№ 44 of October 21, 2017)

21 Oct 2017 y.
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2017 - Received the award

February 4, 2017 the bank became the winner in the nomination "The best branch of the bank for the introduction of salary projects through plastic cards"

4 Feb 2017 y.
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2017 - Raised the rating

"The rating agency Fitch Ratings-Moscow / London" on January 31, 2017 assigned the Private Joint Stock Bank "Trustbank" a long-term issuer default rating (IDR) in foreign and local currency at "B" with a "Stable" outlook. Short-term foreign and local currency IDR at 'B'. The sustainability rating is affirmed at 'b'. "

31 Jan 2017 y.
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2017 - Raised the rating

"The rating agency Ahbor-Reyting in January of 2017 confirmed to the Private Joint-Stock Bank "Trustbank" a credit rating on the national scale at the level of "uzA +" with the forecast" Stable" based on monitoring results of the rating for the fourth quarter of 2016".

2 Jan 2017 y.
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2016 - «BankExpo-2016»

In 2016, the bank becomes the winner in the nomination "The Best Partner and Reliable Support of Entrepreneurs" at the annual exhibition "BankExpo-2016".

14 Apr 2016 y.
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2015 - PJS "Trustbank" and "Trust Leasing" held presentations

The leadership of PJS "Trustbank" and "Trust Leasing" held presentations on the activities of their financial institutions.

2 Dec 2015 y.
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2015 - The license of the bank was replaced

On June 22, 2015, the name of the Private Joint Stock Exchange Bank "Trustbank" was renamed the Private Joint Stock Bank "Trustbank".

22 Jun 2015 y.
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2015 - "BankExpo-2015"

In 2015 at the annual exhibition "BankExpo-2015" the Bank becomes the winner in the nomination: "The best bank for customer service"

14 Mar 2015 y.
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2014 - The license has been replaced

On August 21, 2014, the name of the Private Open Joint Stock Exchange Bank "Trustbank" was renamed "Private Joint Stock Exchange Bank" Trustbank ".

21 Aug 2014 y.
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2014 - Opening of the Fergana branch

In August 18, 2014, the Fergana regional branch of the bank was opened.

18 Aug 2014 y.
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2014 - Received the award

In 2014, Trustbank was awarded the prize of Commerzbank AG for "For Excellent Partnership in the Year 2013"

1 Aug 2014 y.
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2014 - 20th anniversary of the Bank

On June 21, 2014, the bank celebrates its 20th anniversary on the Uzbek market: a memorable book "From Becoming to Maturity" was published

19 Jun 2014 y.
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2014 - "BankExpo-2014"

In 2014 at the annual exhibition "BankExpo-2014" the Bank becomes the winner in two categories: "The Best Advertising Company" and "The Best Bank, Expanding Activities in the Regions". The bank won the second time in the nomination "The Best Private Bank of the Year" at the VII Tashkent International Investment and Financial Forum.

10 Apr 2014 y.
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2013 - Opening of the branch

On September 5, 2013 the Bank opens a regional branch in Kashkadarya region - Karshi branch.

5 Sep 2013 y.
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2013 - "BankExpo-2013"

In 2013, the bank becomes the winner in the nomination "The Best Partner and Reliable Support of Entrepreneurs" at the annual exhibition "BankExpo-2013".

11 Apr 2013 y.
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2013 - Received the award

In 2013 Trustbank becomes the winner in the nomination "The Best Private Bank of the Year" at the VI Tashkent International Investment and Financial Forum. In 2013, in the contest for attracting deposits from the population in 2012, the bank becomes the winner in the nomination "The best branch of the year for attracting deposits from the population in cities".

23 Jan 2013 y.
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2012 - The legal framework is strengthened

2012 - the adoption of the Law of the Republic of Uzbekistan "On Private Banks and Financial Institutions and Guarantees of Their Operations" has become the legal basis for the development of Trustbank at a qualitative level.

17 Dec 2012 y.
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2012 - Increased the rating

On September 9, 2012, the rating agency "Ahbor-Reyting" confirms the Trustbank’s credit rating on the national scale at the level of "uzA" (forecast "Stable") based on monitoring results for the III quarter of 2012.

9 Nov 2012 y.
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2012 - Opening of branches

In 2012 the bank opens branches in the Samarkand region and in the Yakkasaray district of the city of Tashkent.

22 Jul 2012 y.
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2012 - Renaming a branch

In May 18, 2012, the name and location of the Poytaht branch of the Trustbank was changed. The branch has received a new name - "Darkhan". In its building in accordance with international standards, a depository cells for individuals and legal entities were installed.

18 May 2012 y.
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2012 - New system introduced

In 2012, the "Internet-Bank" system for individuals was developed and put into operation. This product of the bank was called "Trust-online."

3 Jan 2012 y.
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2011 - "BankExpo - 2011"

In 2011 at the annual exhibition "BankExpo-2011" the Bank becomes the winner in the nominations "The best innovative product".

28 Apr 2011 y.
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2011 - Opening of a subsidiary leasing company

In 2011, a subsidiary leasing company "Trast Leasing" LLC was established

7 Feb 2011 y.
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2011 - Money transfers

Since 2011, the bank has started making money transfers through the “Bystraya Pochta” and “Asia Express” systems;

1 Jan 2011 y.
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2010 - Opening of the Andijan branch

In 2010, the Bank commenced operations in the Andijan region

7 Dec 2010 y.
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2010 - "BANKEXPO-2010"

In 2010, PJSB Trustbank receives the highest award in the nomination "For the active use of information technologies" at the annual national exhibition "BANKEXPO-2010".

13 Apr 2010 y.
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2010 year - Money transfers

Since 2010, the Bank starts working with money transfer systems "Leader".

1 Jan 2010 y.
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2009 - Opening of the first regional branches

In 2009, the first regional branches of the bank are opened in Namangan and Surkhandarya regions

16 Oct 2009 y.
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2009 - "BANKEXPO-2009"

In 2009 at the annual exhibition "BankExpo-2009" the Bank becomes the winner in the nominations: "For the best advertising".

13 Apr 2009 y.
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2009 - Dealing system

In 2009, "Trustbank" joined the international dealing system "REUTERS"

1 Jan 2009 y.
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2008 – Money transfers

In 2008, the "Internet-Bank" system was developed and introduced for legal entities. In 2008, the bank receives membership in the VISA International payment system, and also starts working with money transfer systems "Zolotaya Korona" and "Migom".

1 Jan 2008 y.
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2008 - Credit cards of the bank

"Trustbank" received membership in the VISA International payment system and issued its credit cards: VISA Electron, VISA Classic, VISA Business, VISA Gold.

1 Jan 2008 y.
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2007 - The license of the bank was replaced

On July 13, 2007, the name of the Private Joint Stock Exchange Bank "Trustbank" was renamed the Private Open Joint Stock Exchange Bank "Trustbank", accordingly were replaced forms of licenses for Banking Operations and the General License for Conducting Operations in Foreign Currency.

13 Jul 2007 y.
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2007 - Raised the rating

In 2007, information about the PJSB "Trustbank" is published in the international business directory Bankers Almanac; The Bank starts making money transfers through the "Coinstar" system. Interbank rating company "Akhbor-Rating" assigned PJSB "Trustbank" a credit rating on the national scale "uzB ++". The Bank is among the top ten major banks of the republic in terms of deposit base.

1 Jan 2007 y.
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2006 - The license of the bank was replaced

On April 25, 2006 the Joint-Stock Exchange Bank "Trustbank" was renamed the Private Joint-Stock Exchange Bank "Trustbank", accordingly were replaced forms of licenses for Banking Operations and the General License for Conducting Operations in Foreign Currency.

25 Apr 2006 y.
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2006 - The largest bank in the CIS

JSB "Trustbank" was included in the list of 1000 largest CIS banks (according to the Center for Economic Analysis of Interfax-CEA). JSB "Trustbank" is one of the 10 largest banks in the republic and ranks second in terms of asset quality and profitability (according to the interbank rating company "Akhbor-Rating").

2 Jan 2006 y.
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2005 - Membership of the Association of Bankers of Asia

In 2005, the Bank became a member of the Association of Bankers of Asia.

1 Jan 2005 y.
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2005 - Money transfers

Since 2005, the Bank has been connected to the SWIFT system, starts cooperating with money transfer systems Unistream, XPress Money, Contact ,American Express Checks. Opening of a correspondent account with American Express Bank (New York, USA)

1 Jan 2005 y.
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2004 year - Plastic card

In 2004, the first plastic cards of JSB "Trustbank" were issued.

1 Jan 2004 y.
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2002 - Money transfers

 Since 2002, the Bank has begun to implement international money transfers through the Western Union system

1 May 2002 y.
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2002 - "Trustbank" became a member of the fund

2002 - a reliable and effective mechanism for protecting household deposits in banks was created. In connection with the implementation of the Law of the Republic of Uzbekistan "On Guarantees for the Protection of Bank Deposits of Citizens", a special fund was organized, of which Trustbank also became a member.

1 Apr 2002 y.
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1999 - Branch "Poytaht" was opened

On October 26, 1999, the second branch of the bank, the Poytakht branch, was opened.

26 Oct 1999 y.
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1998 - "Bank-Client"

In 1998, the Bank-Client software complex was launched to exchange information between the bank and the client.

1 Jan 1998 y.
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1998 - Received the award

In 1998, "Trustbank" was recognized as a laureate of the honorary European award "Gold Medal" of the Association for the Promotion of Industry of France for reformist ideas. The award in Paris symbolizes recognition of outstanding achievements in industry, economics, trade, science and art and is approved by the Higher Institute of International Cooperation, the Institute for Industrial Strategies and the Higher Institute of Foreign Trade of France.

1 Jan 1998 y.
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1997 - Opening of the first branch "Tashkent"

In April 23, 1997, the first branch of "Trastbank" - the branch "Tashkent" was opened. The branch, in the densely populated Chilanzar district, was given the name of our sunshiny capital.

23 Apr 1997 y.
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1996 - License issued

On June 3, 1996 received a license from the Central Bank of the Republic of Uzbekistan No. 54 to conduct current cash operations

3 Jun 1996 y.
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1996 - License issued

On May 24, 1996, the Bank receives the right to conduct operations in foreign currency in accordance with the General License of the Central Bank of the Republic of Uzbekistan No. 36.

24 May 1996 y.
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1994 - The operational management of the bank began its activities

On July 19, 1994, the Operational Branch of JSB "Trustbank" started its activities.

19 Jul 1994 y.
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1994 - License issued

On June 21, 1994 tha Bank received a license from the Central Bank of the Republic of Uzbekistan No. 44 for the right to conduct banking operations.

21 Jun 1994 y.
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1994 - Establishment of a bank

Joint Stock Exchange Bank "Trustbank", established in 1994, is one of the leading banks of the Republic of Uzbekistan, which provides its clients with the full range of banking products and services. The history of the bank reflects the dynamics of intensive development of the country's banking sector during the years of independence.

2 Feb 1994 y.
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