TASHKENT, Uzbekistan, March 20. On March 19, 2025, the delegations of CHAB Trustbank and the International Islamic Trade and Finance Corporation signed a bilateral agreement worth $20 million, Trend reports.
Under this agreement, Trustbank will expand the range of financial services offered, which will stimulate the development of entrepreneurship and small businesses.
The allocated funds will be directed towards supporting key sectors of the economy, such as the food industry, textile sector, pharmaceuticals, public catering, and the services sector. These investments will create conditions for the further growth of these industries and, importantly, contribute to the creation of new jobs.
This partnership marks a significant step in furthering economic cooperation between Uzbekistan and international financial institutions.
Trustbank, one of Uzbekistan's leading financial institutions, has been committed to fostering economic growth and supporting small and medium-sized enterprises (SMEs). The bank has a history of partnerships aimed at enhancing access to financial services for underserved sectors.
