Tashkent, Uzbekistan (UzDaily.com) -- Joint-stock commercial bank Microcreditbank attracted a credit line of 50 million euros through a hybrid deal with Barclays Bank PLC and Bank of New York Mellon. This was reported by the bank's press service.

This transaction was the first step of Barclays Bank PLC in Uzbekistan.

A special feature of this credit line is the ability for investors to participate in trading on the secondary market.

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) plays a key role in insuring the transaction.

This credit line, tailored for small and medium-sized businesses, highlights the efforts of Microcreditbank, Barclays Bank PLC and Bank of New York Mellon in supporting local economic growth by providing financial solutions to the SME sector in Uzbekistan.