Korea Eximbank increases credit line volume for Uzpromstroybank

Tashkent, Uzbekistan (UzDaily.uz) -- Uzpromstroybank and Korea Eximbank signed an amendment to the main interbank agreement.

According to the press service of the Uzbek bank, within the document the Korean side will increase the volume of the credit line to the Uzpromstroybank from US$10 to US$30 million.

This agreement will serve to further attract modern technologies and innovative solutions from the Republic of Korea.

Credit funds will be provided to the Uzbek entrepreneurs for long-term loans (up to 7 years, with financing up to 85% of the project cost) and short-term loans (up to 2 years, with financing up to 100% of the project cost).