Baku, Azerbaijan, July 26
By Fikret Dolukhanov – Trend:
Uzbek joint-stock commercial bank Uzpromstroybank and Swiss investment bank Credit Suisse have signed a loan agreement worth 100 million euros.
The document was signed in Zurich, the capital of Switzerland, and is aimed at supporting large businesses in Uzbekistan in implementing investment projects through financing imports of high-tech equipment, goods and services from both the European Union countries, Japan, Korea and China.
Financing is provided for up to 10 years under insurance coverage of export insurance agencies of the respective countries exporting technology solutions, including Euler Hermes, SERV, SACE, etc.
It was earlier reported that Uzbek Uzpromstroybank JSCB is expanding cooperation with major Russian banks Sberbank JSC and Gazprombank JSC.
The cooperation will cover such areas as correspondent operations, trade and export financing, operations in the world debt and capital markets, exchange of experience and training.
Uzbek Uzpromstroybank JSCB also granted legal entities the opportunity to make transactions 24 hours a day without having to visit the bank.
Bank payments between customers became available 24/7. It is reported that payment documents sent to the bank will be processed immediately.
Earlier the international rating agency Fitch Ratings affirmed the long-term issuer default rating (IDR) for Uzpromstroybank at “B+”. The outlook on the rating is “stable”.
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