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Signing of the Advisory Services Agreement between the Islamic Corporation for the Development of the Private Sector (ICD) and Orient Finans Bank, Uzbekistan

Signing of the Advisory Services Agreement between the Islamic Corporation for the Development of the Private Sector (ICD) and Orient Finans Bank, Uzbekistan
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International Islamic Trade Finance Corporation (ITFC) / Press release | International Islamic Trade Finance Corporation approves US$10 million Line of Trade Finance Facility for Uzbekistan based Private Joint Stock Commercial Bank Orient Finans

International Islamic Trade Finance Corporation approves US$10 million Line of Trade Finance Facility for Uzbekistan based Private Joint Stock Commercial Bank ‘Orient Finans’ This financing will support private sector and SME development in the wake of COVID-19 pandemic TASHKENT, Uzbekistan, January 21, 2021/APO Group/ The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$10 million Line of Trade Finance Agreement with PJSCB Orient Finans to support private sector and SME development in Uzbekistan. Commenting on the Line of Trade Finance Facility, Eng. Hani Salem Sonbol, ITFC CEO, said:

International Islamic Trade Finance Corporation approves US$10 million Line of Trade Finance Facility for Uzbekistan based Private Joint Stock Commercial Bank Orient Finans

Content provided by Last updated: 21/01 - 14:50 The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$10 million Line of Trade Finance Agreement with PJSCB Orient Finans to support private sector and SME development in Uzbekistan. Commenting on the Line of Trade Finance Facility, Eng. Hani Salem Sonbol, ITFC CEO, said: “This US$10 million trade finance facility for PJSCB Orient Finans will allow ITFC to enhance its support to Uzbekistan as the private sector in the country seeks to recover from the social and economic impact of the coronavirus pandemic. The development impact that these lines of trade finance have are widespread and indicative of ITFC’s unbending commitment to Uzbekistan, its people and its socio-economic growth.”  

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