JSCB "InFinBank" and ICD signed a Loan of Financing Agreement for 10 million USD

JSCB "InFinBank" and ICD signed a Loan of Financing Agreement for 10 million USD

JSCB "InFinBank" and ICD signed a Loan of Financing Agreement for 10 million USD

JSCB "InFinBank" signed an agreement with the Islamic Corporation for the Development of the Private Sector to attract a line of financing for the development of small business.

From September 1 to September 4, the 46th Annual Meeting of the Board of Governors of the Islamic Development Bank was held at the Tashkent International Congress Center, within the framework of which various development issues were discussed. The Annual Meeting was attended by governors from the IDB member countries - members of governments and high-ranking officials responsible for finance and economics, as well as representatives of banks, international organizations, the business sector and the media.

Within the framework of this meeting of the Council of Member Countries of the Islamic Development Bank, JSCB "InFinBank" and the Islamic Corporation for the Development of the Private Sector (ICD) signed an agreement for a total amount of US $ 10 million. The allocated funds will be used to support and develop small businesses in Uzbekistan according to the Murabaha principle. It is important to note that, cooperation between JSCB "InFinBank" and ICD began in 2017, with the signing of the first agreement on a financing line in the amount of 7 million US dollars.
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