BAKU, Azerbaijan, July 21
By Ilkin Seyfaddini - Trend:
JSC National Bank for Foreign Economic Activity of Uzbekistan (NBU) has attracted a loan from Cargill Financial Services International Inc. company from the US, Trend reports citing the Government portal of Uzbekistan.
Cargill provided a loan worth $50 million loan to the Uzbek Bank.
"The main reason for such confidence of the American company was undoubtedly stable activity of the NBU, as well as its completion of the first half of the year with a large profit," the report said.
In May of 2020, NBU signed an agreement on opening a credit line with the Russian State Development Corporation Vnesheconombank (VEB.RF) in the amount of 14.3 million euros to expand the fleet of electric locomotives of JSC Uzbekistan Railways, the message said.
Previously, NBU has attracted credit lines of the State Development Bank of China for $758.3 million to finance small business and private entrepreneurship projects as well as investment projects in the transport sector.
Cargill Financial Services International, Inc. provides feed and nutrition management solutions. The Company offers aquaculture, beef and dairy cattle, poultry, and feed additives nutrition solutions, as well as flour, food salt, malts, and other protein products. Cargill Financial Services International serves clients worldwide.
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