The Business Development Bank actively finances businesses in Uzbekistan
The Joint Stock Commercial Bank (JSCB) “Business Development Bank” allocated loans totaling about 4 trillion UZS to business entities over the first 10 months of 2024.
As part of the comprehensive program “Continuous Support for Small Businesses,” the bank issued loans amounting to more than 1.7 trillion UZS. Specifically, 371.7 billion UZS was allocated to medium-sized businesses, 612.9 billion UZS to small businesses, and 1 trillion 824 billion UZS to microbusinesses.
In terms of industries, the bank allocated loans of 941.2 billion UZS for the industrial sector, 339.6 billion UZS for agriculture, 495.8 billion UZS for construction, 857.5 billion UZS for trade and public catering, and 63.2 billion UZS for transport and communications. Additionally, 1.2 trillion UZS was allocated for implementing projects in other sectors.
Moving forward, supporting small businesses will remain the top priority of the JSCB “Business Development Bank.”
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Source: Press Service of the Bank