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Finance
06/08/2012
Ipak Yoli Bank gets fourth tranche of KfW credit line
Ipak Yoli Bank gets fourth tranche of KfW credit line
Tashkent, Uzbekistan (UzDaily.com) --
Open joint stock innovative commercial bank “Ipak Yoli” signed agreement on transfer with the Ministry of Foreign Economic Relations, Investment and Trade of Uzbekistan within the fourth tranche of credit line of KfW (Germany) for total sum of 6.15 million euros.
Within the agreement on financial cooperation between the Governments of Uzbekistan and German, Ipak Yoli Bank has been utilizing credit line of KfW since 1997. The credit line was used to support small and private businesses in Uzbekistan.
As of 1 May 2012, the bank financed over 70 investment projects for 19.12 million euros within three tranches and three credit lines.
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