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Finance 15/09/2011 Small businesses of Uzbekistan get 2.8 trln soums of loans in eight months
Small businesses of Uzbekistan get 2.8 trln soums of loans in eight months
Tashkent, Uzbekistan (UzDaily.com) -- Commercial bank of Uzbekistan issued loans for 2.8 trillion soums to small and private businesses in eight months of 2011, the Central Bank of Uzbekistan said.

The regulator said that the volume of issued loans grew 1.5 times year-on-year.

The Central Bank said that the volume of allocated micro loans grew 1.4 times year-on-year to 525.6 billion soums in the reporting period.

In eight months of 2011, the banks issued 512.1 billion soums of loans to food products producers and 223.7 billion soums to service development.

The banks allotted 38.7 billion soums to development of craftsmanship and family business and 16.3 billion soums to finance projects of professional college graduates.

At the same time, the banks attracted loans of foreign financial institutions to develop small and private businesses for US$77.9 million.

It is worth to mention that 64% or 1.78 trillion soums of total issued loans were long-term investments directed to modernization and re-equipment of capacities.

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