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Finance 01/05/2013 Microcreditbank issue 7.1bn soums to development of service sector
Microcreditbank issue 7.1bn soums to development of service sector
Tashkent, Uzbekistan (UzDaily.com) -- Open joint stock commercial Microcreditbank directed over 7.1 billion soums of loans to creation and development of infrastructure at service sector, a publication of the Ministry of Economy and State Statistics Committee of Uzbekistan said.

The publication said that this helped to create about 1,500 new domestic services objects, over 1,200 retail trade services and catering. These helped to increase of the volume of domestic services by 17.1% and trade and catering services – 13.3%.

In the result, growth of number of mobile communication and internet services, development of ICT services helped to growth of communication and information services by 20.7%.

The volume of financial services grew by 15.9% in the reporting period due to implementation of microcrediting and consumer crediting, improvement of payment systems, development of financial infrastructure, etc.

Implementation of measures within the programme on development of services helped to increase the volume of services by 9%. Its share in GDP rose from 52.1% in the first quarter of 2012 to 52.5% in the first three month of 2013.

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