Uzpromstroybank signs basic loan agreement with KfW IPEX-Bank for 100 million euros

Tashkent, Uzbekistan (UzDaily.com) -- A loan agreement of 100 million euros was signed between Uzpromstroybank joint-stock commercial bank and Deutsche KfW IPEX-Bank.

The purpose of this agreement is to support entrepreneurs in implementing investment projects in the Republic of Uzbekistan, as well as their efforts to create additional jobs by financing purchases of high-tech equipment, goods and services from European countries.

Financing is provided for up to 10 years under the guarantees of export credit agencies of European countries, including Euler Hermes, SERV and SACE.

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