ITFC extends US $ 15 M Line of Financing Facility to Uzbek Industrial and Construction Bank

The International Islamic Trade Finance Corporation (ITFC), signed a trade finance agreement with Uzbek Industrial and Construction Bank for a total amount of US $15 Million. This will provide Uzbek Industrial and Construction Bank the needed funding to meet the growing demand for Shari’ah Compliant trade finance of its private sector clients, including the SMEs.

This is the second line of Trade Finance Facility extended by ITFC to Uzbek Industrial and Construction Bank, which is a long-standing partner of ITFC in Uzbekistan. The first facility was extended in 2018 for US$ 15 million, which was successfully utilized by the Bank.