BAKU, Azerbaijan, Jan. 21
By Klavdiya Romakayeva - Trend:
The National Bank for Foreign Economic Affairs of Uzbekistan (NBU) in 2021 will send 16.5 trillion soums ($1.6 billion) of loans for the implementation of 540 projects in order to develop the economy, support entrepreneurship, and finance effective projects, Trend reports with reference to the press service of the bank.
By the end of 2020, the assets of NBU reached 79.8 trillion soums ($7.6 billion), the loan portfolio amounted to 65.6 trillion soums ($6.3 billion), the total amount of deposits - 17.2 trillion soums ($1.6 billion), of which deposits of legal entities amounted to 12.7 trillion soums ($1.2 billion).
In total, in 2020, the bank financed 885 projects, including 514 projects within the framework of territorial development programs.
In particular, Technopark LLC in Tashkent launched the production of household appliances (refrigerators, air conditioners, washing machines, water pumps, and gas meters).
Also, the Marmarobod large cluster project for the extraction and processing of natural stone on 37 hectares has been launched in the city of Gazgan of Navoi region.
Shomanay Eco Teks LLC, a large modern spinning enterprise, with a capacity of 6,800 tons of products per year was launched in the Shumanai region of the Karakalpakstan Republic, and JV Ostex Jizzakh LLC with a capacity of 5,000 tons of products per year was launched in the Zaamin district of the Jizzakh region.
Furthermore, the first stage of the Dustlik-2 - Kuylyuk underground metro line of Uzbekiston Railways JSC in Tashkent has been completed. Seven stations have been built on this section of the metro. The length of the new route amounts to 11.5 kilometers.
Also, Sub-dry LLC has implemented a project to organize the drying of agricultural products by the method of sublimation in the Akaltyn district of the Syrdarya region.
To financially support business entities, to mitigate and eliminate the consequences of the COVID-19 pandemic, 5.3 trillion soums ($507 million) of credit funds were allocated to replenish working capital, 210,000 customers have extended the terms of payment of the principal debt in the amount of 5.1 trillion soums ($487 million) and 560 billion soums ($53 million) of interest payments.
It is reported that NBU by the end of 2021 plans to bring the total assets to 91.7 trillion soums ($8.8 billion), loan portfolio - up to 77.1 trillion soums ($7.4 billion), and the total balance of deposits of legal entities and individuals - up to 17.8 trillion soums ($1.7 billion).
At the same time, loans worth 8.8 trillion soum ($841 million) will be allocated for the implementation of 27 large projects, 6.5 trillion soums ($621 million) for 371 projects within the framework of regional development programs, and 1.2 trillion soums ($115 million) for 142 projects in other areas.
In particular, loans will be allocated for:
the implementation of the Universal Mobile Systems project to provide communication services to settlements and global Internet services for social facilities;
a project of reconstruction of Termez international airport;
project for the development of the Uch-Kuloch ore deposit in the Farish region;
project for the production of special equipment for the national economy in the society Nurafshon Makhsus Technique in the city of Nurafshan;
project to create an industrial cluster for the production of building materials in the Okhangaroncement structure.
---
Follow the author on Twitter: @romakayeva
