"The Business Development Bank" has become a trusted partner for small businesses.

The Business Development Bank has shared how it is solidifying its role as a reliable partner for small businesses by implementing the objectives of the primary support bank under the "Continuous Support for Small Business" program.

https://www.spot.uz/ru/2024/12/10/brb/2024-12-10 07:33:10

The Development Bank of Business has been designated as the primary support bank for the effective implementation of the comprehensive program "Continuous Support for Small Business" and its ongoing improvement.

Additionally, in accordance with the decree of the President of the Republic of Uzbekistan dated November 15, 2023, "On Additional Measures for Broad Involvement of the Population in Small and Medium Business," the bank has been assigned tasks for the years 2024-2026:

to increase the outstanding loans allocated to small business entities by 1.7 times, raising its share in the loan portfolio from 28% to 43%;
to create 150,000 small business entities and expand their activities;
to attract resources from international financial institutions and foreign state financial organizations amounting to 800 million US dollars for financing small business projects.

The Development Bank of Business actively provides financial support to small and medium enterprises to systematically achieve these goals. In the first 10 months of 2024, the bank allocated loans to business entities totaling approximately 4 trillion soms.

Within the framework of the comprehensive program "Continuous Support for Small Business," the bank has allocated loans amounting to over 1.7 trillion soms. In particular:

371.7 billion soms to representatives of medium-sized businesses;
612.9 billion soms to small businesses;
1.824 trillion soms to microbusinesses.

Furthermore, by industry, the bank has provided loans for:

industry – 941.2 billion soms;
agriculture – 339.6 billion soms;
construction – 495.8 billion soms;
trade and public catering – 857.5 billion soms;
transport and communications – 63.2 billion soms.

In addition, another 1.2 trillion soms have been allocated for the implementation of projects in other sectors.

Moving forward, support for small business will remain the main priority of the Development Bank of Business. The bank will continue to actively participate in financing business projects aimed at creating new jobs, increasing the income of the population, and ensuring competitive exports in the global consumer market.

Advertisement.