This year, Agrobank has allocated 5.5 trillion UZS of investment loans for the implementation of promising projects of business entities in the regions. 25 percent of funds were allocated to industry, 22.1 percent to agriculture, 24.8 percent to social security and strengthening the material-technical base of economic sectors, as well as to other spheres. This has been announced at the press conference “Ongoing work on financing investment projects and attracting foreign credit lines”.

This year, the Bank has allocated funds for many different investment projects, including a $5.7 million loan for $8.5 million worth LLC Emery Pharma project for producing 180 million syringes and 57 million infusion pharmaceuticals for $3.2 million per year. The company, which will start operating in 2021, to employ 65 people. 30 percent of its products will be exported to CIS countries.

The Bank has allocated a loan of $10.2 million for a project worth 142.8 billion UZS to Gurlan Export LLC in Khorezm to produce 3,200 tons of agricultural products for $14.5 million per year. A great effect is expected from Gulistan Gold Yarn in Syrdarya region, Sayyora Favvorasi in Andijan region, Termez National Carpets LLC in Surkhandarya region, which will operate in the textile, clothing and knitwear industry.

At the event, special attention was paid to Agrobank’s activities in further enhancing cooperation with international financial institutions, foreign banks and attracting credit lines. Mutually beneficial cooperation has been established with 26 international financial institutions and foreign banks, such as German Commerzbank and UniCredit Bank, DZ Bank and Landesbank, Austrian Raiffeisen Bank and South Korean KEB Hana Bank.

UzA