Syndicated loan for Xalq Bank

  • Uzbekistan
  • Xalq Bank
  • 2020
  • Trade
  • International Bank for Economic Co-operation took part in a syndicated loan for Xalq Bank (People's Bank of the Republic of Uzbekistan). The subscription, organized by Deutsche Bank AG, raised USD 102.5 million for a period of 13 months. Together with IBEC, Russian and European financial institutions also took part in the transaction. Financing of the IBEC is aimed at supporting the export of goods, works and services from the IBEC member countries of Russia, the Czech Republic and Poland to Uzbekistan.
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