InFinBank and ITFC sign an additional agreement for US$10 million.
Tashkent, Uzbekistan (UzDaily.com) -- Invest Finance Bank (InFinBank) and the International Islamic Trade Finance Corporation (ITFC) signed an additional agreement worth US$10 million.
In December 2021, the parties signed an agreement on a trade finance line for US$15 million. The new document increases the amount of this credit line to US$25 million.
The funds will be used to replenish working capital and finance the supply of raw materials for small businesses and private businesses, as well as state-owned enterprises in Uzbekistan on the principles of Islamic finance.