The Uzbek bank Uzpromstroybank has received a loan of €165 million ($180 million) from Germany’s Deutsche Bank.
Gazeta.uz reports that “The funds will be used to create new jobs, including the production of industrial and construction materials, as well as to finance medium-sized business projects with the involvement of foreign investors in Uzbekistan.”
The country’s president Shavkat Mirziyoyev has tasked commercial banks with attracting foreign investments and supporting clients’ investment projects by expanding external financing sources.
