NBU signs agreement with VEB.RF
National Bank of Uzbekistan signed an agreement on opening a credit line with the State Development Corporation VEB.RF in the amount of 14.3 million euros.
National Bank of Uzbekistan signed an agreement on opening a credit line with the State Development Corporation VEB.RF in the amount of 14.3 million euros to finance the project for the supply of five trunk freight electric locomotives manufactured by Russia’s Novocherkassk Electric Locomotive Plant LLC to expand the fleet of electric locomotives of Uzbekistan Railways.
The competitive advantage of the agreement with VEB.RF is the ability to attract credit at fairly attractive interest rates through the application of the mechanism of subsidizing interest rates by the Russian Federation.
Within the framework of cooperation, 4 credit agreements have been concluded to the total amount of 188 million euros and projects in hydropower, heat power and transport are financed.