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Finance 11/10/2012 Uzbek banks issue 4.2 trln. soums of loans to small businesses
Uzbek banks issue 4.2 trln. soums of loans to small businesses
Tashkent, Uzbekistan (UzDaily.com) -- Commercial banks of Uzbekistan allocated 4.2 trillion soums of loans to small businesses and private entrepreneurs in past period of 2012, which grew by 34.2% year-on-year, the Central Bank of Uzbekistan said.

As of 1 October 2012, the commercial banks also issued 104.8 billion soums to support young families and their business activities.

The banks issued about 66 billion soums of micro loans to finance their business projects. Graduates of colleges received 39 billion soums to develop their businesses in the reporting period.

Uzbekistan also conducts work on increasing economic activity of women. The size of loans, issued by commercial banks to them, made up over 814 billion soums. In the result, 1,000 families were able to open their businesses.

In nine months of 2012, the commercial banks allocated consumer credits for 35 billion soums to improve social conditions of women. The figure rose 58 times compared to forecast.

The commercial banks of Uzbekistan directed 1.9 billion soums to creation of modern laundries at places, which were allocated for construction of individual houses.

The growth of well-being of population increased demand for consumer loans. In nine months of 2012, the banks issued consumer loans for 158 billion soums.

Currently, the commercial banks offer credits to young families for purchase of real estate and other purposes. The volume of mortgage loans, allocated by commercial banks, made up 114 billion soums.

Currently, commercial banks of Uzbekistan implement projects for 272 billion soums, directed at social support of young families. In 2012-2013, the banks will help to finance construction of 100 houses with 48 flats in each. The mortgage loans are issued for 15 years and interest rate will not exceed the refinancing rate of the Central Bank (12%).

The commercial banks carry out work on improving social conditions of young families. The banks issued 68 billion soums to purchase of consumer goods.

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