ICBC Standard Bank Plc provides UZS 367.5 billion loan to Xalq Bank for commercial purposes

$28.94M USD

Funder	ICBC Standard Bank PLC
Recipient Organization	Xalq Banki
Country	Uzbekistan
Start Date	May 01, 2021
End Date	Nov 18, 2028
Duration	2,758 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`105605`

Grant Description

ICBC Standard Bank Plc provides UZS 367.5 billion loan to Xalq Bank for commercial purposes In May 2021, Xalqi Banki — an Uzbek state-owned bank — and ICBC Standard Bank Plc signed an UZS 367,543,000,000 loan agreement for commercial purposes. The loan carried a 1-year maturity. Its other borrowing terms are unknown.

📋 Staff Comments

1. Xalq Bank of the Republic of Uzbekistan is a state-owned bank.

📚 Sources & References

Акционерный коммерческий «Народный банк» Консолидированная финансовая отчетность с аудиторским отчетом независимого аудитора За год, закончившийся 31 декабря 2021 года
Xala Bank Consolidated financial statements and independent auditor’s report for the year ended 31 December 2022
JSC “Xalq Bank” Consolidated financial statements and independent auditor’s report For the year ended 31 December 2021 Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.