Microcreditbank issues 38.6bn soums in 1Q

Tashkent, Uzbekistan (UzDaily.com) -- Microcreditbank open joint stock commercial bank issued investments for 38.6 billion soums in the first quarter of 2009 to support businesses. The bank allocated 23.4 billion soums of microfinance services.

Microcreditbank issued investments for 92 billion soums to small and private businesses in 2008, which is up 1.6 times year-on-year.

The bank provided micro credit services for 55.4 billion soums in 2008.

Microcreditbank has over 80 branches, 226 mini-banks and about 30 agencies.