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Finance 05/09/2020 Qishloq Qurilish Bank attracts a syndicated loan
Qishloq Qurilish Bank attracts a syndicated loan

Tashkent, Uzbekistan (UzDaily.com) -- Qishloq Qurilish Bank JSCB signed an agreement on attracting a new syndicated loan in the amount of US$34.0 million and 14.0 million euros.

It should be reminded that a similar experience in the activities of the bank and in the history of the banking system was already in the previous year, when funds in the amount of 16.0 million euros and US$3.5 million were raised for a period of 1 year.

These funds were successfully spent, and the debt to creditors, despite the situation with coronavirus in the country and in the world, was fully and timely paid off by Qishloq Qurilish Bank. The organizers of the transaction, like last time, were PJSC Transcapitalbank, PJSC Promsvyazbank (Russia).

The attracted funds will provide the bank's clients with working capital, including those involved in the export of manufactured products, during a pandemic.

As of q August, the total capital of Qishloq Qurilish Bank made up 2.33 trillion soums and increased by 888.3 billion soums compared to the beginning of the year. The authorized capital of the bank for the reporting period reached 1.85 trillion soums.

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