Background

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

  • Uzbekistan
  • Asaka Bank
  • 2020
  • EUR 12 mln
  • 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.
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