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NBU allocates $1.2bn worth loans in 2020

Enterprises in Uzbekistan received $1.2bn worth loans in 2020. This was announced by the head of the press service of the National Bank of Uzbekistan (NBU) Zebo Tukhtayeva at a press briefing on February 9.

$504mn were allocated for the replenishment of working capital, $723mn for the implementation of new investment projects.

Large projects received the lion`s share of loans worth $628mn.

The amount of foreign loans comprised, $706.7mn.

In order to diversify sources, in July last year the bank placed eurobonds worth $300mn on the London Stock Exchange (LSE).

By the end of this year, it plans to increase the level of assets to $8.7bn, up from $7.6bn in 2019, the loan portfolio is to reach $7.3bn.

In addition, the bank is to allocate $1.6bn loans towards the implementation of 540 projects.

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