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Microcreditbank signs agreement with Eximbank of Hungary

Microcreditbank signs agreement with Eximbank of Hungary

   On February 18, the fifth session of the Uzbek-Hungarian intergovernmental commission on economic cooperation was held. Representatives of "Microcreditbank" also participated in this international event.

   During the meeting, a cooperation agreement was signed between Microcreditbank and the Export-Import Bank of Hungary (Eximbank). The agreement envisages attraction of up to 10 million euros of soft loans for financing of small and medium-sized businesses and purchase of technical equipment to improve the material and technical base of the bank.

   For reference: Eximbank is one of the leading financial and credit institutions in Hungary, which effectively finances the activities of Hungarian exporters, provides guarantees and insurance services.

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