Ipak Yuli Bank, ADB ink project agreement

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Finance 26/03/2010 Ipak Yuli Bank, ADB ink project agreement

Ipak Yuli Bank, ADB ink project agreement

Tashkent, Uzbekistan (UzDaily.com) -- Ipak Yuli Bank open joint-stock innovative commercial bank signed a project agreement with the Asian Development Bank (ADB) within the second project on development of small and microfinancing for US$10 million.

The finance line will be directed at financing activity of the bank’s customers, including to formation of turnover fund and purchase of fixed assets.

In line with the project agreement, the maximal loan size, issued per project, cannot exceed US$20,000.

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