Asaka Bank Extends Cooperation with Two Banks
OREANDA-NEWS. May 14, 2010. In the course of 43rd Annual Meeting of the Board of Governors of Asian Development Bank, "Asaka" bank signed a Loan Agreement with Export-Import Bank of Korea to the total amount of 15 mln. US Dollars, reported the press-centre of Asaka Bank.
Singed agreement aimed at financing of the investment projects which are planned to be realized with participation of Korean companies in Free Industrial-Economic Zone "Navoi".
Also "Asaka" bank signed two agreements with Asian Development Bank, aimed at developing collaboration in sphere of trade finance.
Signed documents allowed Asaka bank to join Trade Finance Facilitation program of Asian Development Bank. The Program provides an access to Asaka bank’s clients to financial sources of Asian Development Bank by means of loans and guarantees with regard to short-term trade finance operations.
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