ICBC Standard Bank PLC provides $100 million loan to Uzbek Industrial and Construction Bank for various purposes

📋 Staff Comments

1. Uzbek Industrial and Construction Bank (Sanoat Qurilish Bank SQB) is a majority state-owned universal commercial bank in Uzbekistan, which carries out all kinds of banking operations represented in the financial services market including servicing of private and corporate clients. Its principal activities are commercial and retail banking operations, transactions with foreign currencies, the origination of loans, issuance of guarantees, and letters of credit.
2. ICBC Standard Bank PLC is partially owned by the Industrial and Commercial Bank of China (ICBC).

📚 Sources & References

• UzSQB signed an agreement with a Chinese banking group to attract a loan worth 100 million dollars to Uzbekistan
• Investor Presentation: Sanoat Qurilish Bank
• SIGNING OF A USD 25 MILLION LINE OF FINANCING AGREEMENT BETWEEN ICD AND JSCB
• O'zsanoatqurilishbank kichik va o'rta biznes sub'yektlarining loyihalarini moliyalashtirishni yanada kengaytiradi
• JSCB 'UZBEK INDUSTRIAL AND CONSTRUCTION BANK' AND ITS SUBSIDIARIES: Consolidated Financial Statements and Independent Auditor's Report For the Year Ended 31 December 2021
• JSCB 'UZBEK INDUSTRIAL AND CONSTRUCTION BANK' AND ITS SUBSIDIARIES: Interim condensed consolidated financial information (unaudited) for the six months ended 30 June 2020
• Uzpromstroybank signs a loan agreement to attract a credit line for US$100 million
• SQB Annual Report 2020, 'O'zsanoatqurilishbank' ATB ISSUER'S ANNUAL REPORT FOR 2020
• SQB IFRS FS 2024 HY 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.