PSB provides loan for US$299m to NGMK

Tashkent, Uzbekistan (UzDaily.com) -- Promsvyazbank provided one of the world’s largest gold producers to the Navoi Mining and Metallurgical Plant (NGMK) with a revolving credit line in the amount of US$200 million to finance the company’s investment projects. This was reported by the press service of PJSC Promsvyazbank (PSB).

Alexey Tyupanov, head of international business at PSB: “Macroeconomic stability and rich natural resources, a diversified economic structure and actively pursued reforms make today’s Uzbekistan very attractive for investments in the Central Asian region”.

The mining, oil and gas and chemical industries, as well as new promising areas - the construction, banking and telecommunications sectors - have great potential. The bank’s significant experience in working with enterprises of the Republic allows us to offer companies some of the best conditions for cooperation, he added.