IDB, Uzbek banks sign loan agreements

Islamic Development Bank (IDB) and three Uzbek commercial banks signed agreements on opening credit line of IDB on 3 July.

The agreements were signed within a meeting of Arab Coordination Group, which includes the Islamic Development Bank, the Saudi Fund for Development, the Kuwait Fund for Arab Economic Development, the OPEC Fund for International Development, and the Abu Dhabi Fund for Development.

IDB issues loans to Ipoteka Bank, Uzpromstroybank and Asaka Bank. No details of credit agreements were disclosed.