JSC National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU) signed a loan agreement with Standard Chartered Bank and Landesbank Baden-Württemberg (LBBW) to attract a syndicated credit line of 100 million euros under the insurance coverage of the Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group.

This agreement is one of the practical tools for fulfilling the tasks defined by the President of the Republic of Uzbekistan at a meeting on May 20 on bank participation in implementing investment projects in the country.

NBU became the first major financial institution to agree with MIGA, opening up a new opportunity for Uzbekistan’s commercial banks to support small and medium-sized businesses in the country.

UzA