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Finance 29/08/2014 Agroindustrial complex receives loans for 971.8bn soums
Agroindustrial complex receives loans for 971.8bn soums
Tashkent, Uzbekistan (UzDaily.com) -- Commercial banks of Uzbekistan issued loans for 971.8 billion soums to implementation of the projects in agroindustrial complex in seven months of 2014, which rose by 1.4 times year-on-year.

The loans were allocated to meet demand of population in food products, saturation of internal market with local food products and financial support of the enterprise.

According to the Central Bank of Uzbekistan, the commercial banks issued 171.9 billion soums to finance projects on equipment of production capacities with modern equipment.

Another 775.4 billion soums were issued to purchase necessary raw materials. The banks allotted 24.5 billion soums to farmers and landowners to purchase drip irrigation systems and creation of greenhouses.

The Central Bank of Uzbekistan said that the commercial banks directed 4 trillion soums to enterprises, which produce food products, in last five years.

It is worth to mention that Uzbekistan produces 16 million tonnes of fruits and vegetables each year. The country exports agriculture products to 80 countries.

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