Asaka Bank and AKA Bank sign loan agreement for 150 million euros

Tashkent, Uzbekistan (UzDaily.com) -- On 14 January 2019, the Uzbek-German Business Forum was held in Berlin. As part of this business forum, a meeting was held between representatives of Asaka Bank and the German bank AKA Bank.

AKA Bank is one of the 100 largest German banks, founded in 1952. AKA Bank offers its business partners optimal support in organizing and managing their international trade finance transactions. Focusing on emerging markets, AKA covers risks in more than 70 countries. The Bank offers financing, refinancing, risk transfer services and services related to short, medium and long-term perspective of export operations, as well as other international transactions. The bank offers optimal financing for the export operations of its customers.

Following the meeting between Asaka Bank and AKA Bank, a Loan Agreement for 150 million euros was signed.

Funds received under this agreement will be used to finance investment projects with a maturity of up to 8 years, envisaging supply of technological equipment from Germany and other EU countries.

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