UTBANK signs credit agreement with TÜRK Eximbank

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Finance 03/04/2017 UTBANK signs credit agreement with TÜRK Eximbank

UTBANK signs credit agreement with TÜRK Eximbank

Tashkent, Uzbekistan (UzDaily.com) -- UTBANK, an Uzbek-Turkish commercial bank, signed a loan agreement with Export-Import Bank of Turkey (Türk Eximbank).

According to UTBANK, the bank attracted the credit line of Türk Eximbank for US$90 million via Turkey’s Ziraat Bankası AŞ.

The credit line will be directed to finance investment projects, related to importing equipment, materials, new products, goods and technologies from Turkey to expand production of export-oriented and competitive products in Uzbekistan.

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