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EBRD Lends US$50 Million to SQB
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EBRD Lends US$50 Million to SQB
The European Bank for Reconstruction and Development (EBRD) is creating growth opportunities for micro, small and medium-sized enterprises (MSMEs) owned by young individuals in Uzbekistan by providing financing to O’zsanoatqurilishbank (SQB), Uzbekistan’s third-largest state-owned lender. The EBRD’s loan of up to US$ 50 million (€42.7 million) will be extended under the EBRD’s Youth in Business (YiB) programme in Central Asia, targeting MSMEs th…
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