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Uzbek bank to issue tourism loans

Tourism Materials 13 March 2018 13:52 (UTC +04:00)

Baku, Azerbaijan, March 13

By Fikret Dolukhanov – Trend:

Uzbek Commercial Joint Stock Bank Asaka started issuing loans on purchase of tours, press service of the bank said in a statement.

According to the information, the loan on tour purchase can be obtained with up to a three-year payment term.

Maximum loan amount is 10 million soums without prepayment. Any third party can be a warrantor.

The loan may be used for purchase of a tour only from a licensed tourism company.

The bank has branch offices throughout Uzbekistan.

Earlier it was reported that Uzbekistan Airways may establish its own lowcoster in 2018 within the framework of tourism development program.

In line with the program, bus transit organizations and bus stations for the international bus runs, particularly to Russia and Kazakhstan, are to be created in the regions of Uzbekistan in 2018. Foreign investments can also be attracted for that purpose.

(8140.06 soums = 1 USD on March 13)

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