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Finance
10/11/2011
BGK, Agrobank sign memorandum of cooperation
BGK, Agrobank sign memorandum of cooperation
Tashkent, Uzbekistan (UzDaily.com) --
Bank Gospodarstwa Krajowego (BGK), Poland's only state-owned bank, and open joint stock commercial bank Agrobank signed a memorandum of cooperation, the head of the Department on assisting trade and investment of Poland Embassy in Tashkent Slawomir Strzalkowski said on Wednesday.
The document was signed within the presentation of the Polish state programme “Export Financing”, which was held by BGK and Export Credit Insurance Corporation (KUKE).
The signed memorandum gives opportunity to attract credit line of BGK to develop small business in Uzbekistan through financing long-term investment projects with attracting Polish technologies and equipment.
Slawomir Strzalkowski noted that the Uzbek bank will be able to issue preferential loans for purchase of technologies and equipment from Poland on good conditions. He said the loans are issued for seven years.
He said that the Polish side can allocate loans to two more Uzbek banks. He said that currently the sides are holding negotiations.
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