TASHKENT, June 23 (Reuters) – Two Uzbek banks scheduled for privatisation have secured loans from worldwide monetary establishments, the events stated this week.
Ipoteka-Bank (Mortgage Bank) acquired the equal of $35 million in Uzbek funds from the Worldwide Finance Company, a private-sector arm of the World Bank, the edges stated in a joint assertion.
One other state-owned lender, Uzpromstroybank, secured a loan of $40 million from the European Bank for Reconstruction and Growth, the EBRD stated.
Apart from offering cash for loans into the financial system, each offers intention to reform the Uzbek banks to make them extra enticing to personal buyers earlier than the deliberate gross sales, the IFC and the EBRD stated. (Reporting by Mukhammadsharif Mamatkulov; Writing by Olzhas Auyezov; Enhancing by Clarence Fernandez)