22 мая 2023 г.

“Ipak Yuli” Bank expands cooperation with European partners in the field of financing private enterprise projects

On May 16-18, 2023, the 32nd annual meeting of the Board of Governors of the European Bank for Reconstruction and Development (EBRD) was held in Samarkand on the theme "Investing in Sustainability", an approach aimed at ensuring economic stability in times of crisis and promoting sustainable economic growth. During the event, “Ipak Yuli” Bank signed agreements to support and grow the private sector in Uzbekistan.

In particular, the Bank signed a loan agreement with the Netherlands Development Bank “FMO” in the amount of US $ 50 million to finance projects of small and medium-sized businesses, as well as support the development of "green" projects.

Moreover, the EBRD intends to allocate US $20 million to “Ipak Yuli” Bank to finance renewable energy projects as well as energy-efficient projects. The signed mandate letter within the EBRD meeting framework in Samarkand provides the use of credit funds for investments in “green” projects.

The sign of these documents testifies the growing volume of cooperation between “Ipak Yuli” Bank and foreign financial institutions and contributes to the strengthening of Bank's competitive position in the field of corporate customer service.

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