Uzbekistan – Germany business forum that is being held in Berlin contributes to creation of an active investment environment for commercial banks.

Within the framework of the international forum, Agrobank signed an agreement with Landesbank Baden Wurttemberg and Commerz Bank AG on raising funds of the credit line for 150 million euros.

Within the framework of the agreements, 65 million euros of loan funds will be allocated for promising projects of four large industrial enterprises in the first quarter this year. Due to this, more than 1500 new jobs will be created.

These agreements will serve to development of bilateral relations with German financial institutions and expansion of investment activities.

Source: UzA