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Finance
07/08/2012
NBU finances small businesses' projects due to credit line of Korean Eximbank
NBU finances small businesses' projects due to credit line of Korean Eximbank
Tashkent, Uzbekistan (UzDaily.com) --
National Bank of Uzbekistan for Foreign Economic Activity is implementing a programme on supporting projects of small and private businesses in foreign currency due to attraction of credit line of Eximbank of South Korean.
Total sum of the credit line makes up US$60 million and loans are issued to purchase mini-technologies and compact equipment, create capacities on processing raw materials.
Within the credit line, the bank will finance import contracts from US$100,000. The loan is issued from 2 to 5 years with a year of grace period.
Interest rate on sub-loan is set at CIRR or Libor plus margin of foreign bank, which set individually to each project, and margin of NBU.
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