Charter capital of Guarantee Fund of small business development to make up 100bn soums
20/02/2017 17:34
Charter capital of Guarantee Fund of small business development to make up 100bn soums
20/02/2017 17:34
Tashkent, Uzbekistan (UzDaily.com) -- The charter capital of the Guarantee Fund of small business development will make up 100 billion soums.
President of Uzbekistan Shavkat Mirziyoyev signed a resolution “On creation of the Guarantee Fund of small business development” on 10 February.
The Guarantee Fund of small business development will provide guarantee to banks for loans allocated to small businesses to the volume, which is not secured with the guarantee, The guarantee can cover up to up to 50% of the loan volume, but cannot exceed US$100,000.
According to the resolution, the charter capital of the fund will make up 100 billion soums. At the same time, share of the State Competition Committee in the charter capital of the fund will make up 50 billion soums.
National Bank of Uzbekistan for Foreign Economic Activity will allocate 10 billion soums to form charter capital of the fund, Uzbekistan Banking Association – 5 billion soums and the Chamber of Commerce and Industry of Uzbekistan – 2 billion soums.
Asaka Bank and Uzpromstroybank will contribute 5 billion soums each to the fund, while Ipoteka Bank, Insurance company Kafolat and UzAgroSugurtga will issue 3 billion soums each.
Uzbekinvest, Agrobank, Qishloq Qurilish Bank will issue 2 billion soums each, while Kapitalbank, Aloqabank, Ipak Yoli Bank, Trustbank, Turonbank and Invest Finance Bank will give 1 billion soums each.
Orient Finans, Turkiston Bank, Ravnaqbank and Davrbank will allocate 0.5 billion soums to form charter capital of new fund.
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$ 1 | 12697.00 | 0.000% |
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