As part of the Fourth Tashkent International Investment Forum, held in the capital from June 10 to 12, Microcreditbank held several effective negotiations with reputable international financial institutions and companies.

An agreement has been signed with ICBC Standard Bank Plc (UK Branch) of the People’s Republic of China to raise a deposit of 15 million euros.

A Memorandum of Understanding was also signed with Mashreq Bank (UAE), according to which the bank reached an agreement to attract a direct credit line of $30 million through the international financial market.

Another Memorandum of Understanding (MoU) was signed with the Economic Empowerment Fund for Uzbekistan (EEFU), managed by the Small Enterprise Assistance Funds. An agreement was reached to raise $25 million.

It should be noted that SEAF is an investment fund supporting small businesses, which helps attract direct credit lines to support small and medium-sized businesses in Uzbekistan in Islamic finance.

These agreements once again confirm the growing international authority of Microcreditbank and its contribution to developing the country’s economy and gaining investors’ trust.

UzA