BAKU, Azerbaijan, Aug. 19
By Ilkin Seyfaddini - Trend:
Uzbek Ipoteka-Bank will finance three projects worth 1.6 billion soum ($155.942) in Soh district of Fergana region, Trend reports citing the bank.
“Ipoteka-Bank studied projects aimed at increasing the economic potential of the region, as well as those related to industry, agriculture and services,” the message said.
The bank allocated 500 million soum ($48,731) of credit funds to local private enterprise for the project on provision of consumer services worth one billion soum ($97,463).
Local Guzari Omadi Lazina LLC is organizing drip irrigation in the gardens of Soh district, and the bank has allocated 200 million soum ($19,492) to the enterprise for gardening development.
Ipoteka-Bank also allocated 100 million soum ($9.746) to Tohirjonov Ilhomjon local private enterprise for purchasing equipment for tinware production.
Earlier, Fitch Ratings has affirmed Uzbekistan-based Ipoteka-Bank's Long-Term Issuer Default Ratings (IDRs) at 'BB-' with Stable Outlook.
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