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Background

Financing the export of Russian equipment for the metallurgical industry and machine-building products

  • State
    Uzbekistan
  • Client
    Asaka Bank
  • Implementation date
    2020
  • Volume
    EUR 12 mln
  • Field of activity
    Manufacturing
  • The International Bank for Economic Co-operation was one of the leading organizers of a syndicated loan for the Uzbek bank Asaka. Credit resources in the amount of EUR 100 million were provided for a year and a half to finance foreign trade contracts of the IBEC member countries. IBEC acts as a syndication organizer in partnership with Alfabank and AK Bars Bank and provides EUR 12 million from its own funds. Among the projects for which financing is attracted are the import of Russian high-tech equipment for the metallurgical industry, the supply of engineering products.

Project news

IBEC opens Uzbekistan
IBEC opens Uzbekistan
03.03.2020
International Bank for Economic Co-operation performed as one of the leading organizers of a syndicated loan for the Uzbek bank Asaka. Credit resources in the amount of 100 million euro were provided for a year and a half to finance foreign trade contracts of IBEC member states. IBEC acts as an organizer of syndication in partnership with Alfabank and AK Bars Bank and provides 12 million euro.
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