Swiss investment company financing small, medium business projects in Uzbekistan
Baku, Azerbaijan, Oct. 15
By Fakhri Vakilov - Trend:
On Oct. 11, 2019 The Swiss Symbiotics investment company allocated the first credit line to Uzbekistan’s Ipak Yuli joint-stock innovative commercial bank, both in Uzbek soums and in euros, Trend reported with reference to the press service of Ipak Yuli bank.
As part of the country's active investment policy for 2019, Ipak Yuli Bank established a partnership with Symbiotics.
The funds will be used to finance promising projects of small and medium-sized businesses, which will create more new jobs in the private sector of Uzbekistan and increase its ability to enter the markets of foreign countries.
Registered in 2004 in Geneva, Symbiotics is an investment company specializing in sustainable financing for developing countries that offers services in the areas of market research, investment advice and asset management.
Since 2005, Symbiotics has invested more than $3.5 billion and is currently operating in more than 70 emerging economies.
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