The ITFC Inks USD 10 Million Line of Trade Finance Facility with PJSCB Orient Finans

The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group, has signed a deal with Uzbekistan-based Private Joint Stock Commercial Bank (PJSCB) – Orient Finans, by way of a USD 10 million worth Line of Trade Finance Agreement.

Eng. Hani Salem Sonbol, ITFC Chief Executive Officer, expressed that the Trade Finance Facility for Orient Finans allows the ITFC to enhance its support to Uzbekistan given the negative impacts the country faces from the COVID-19 pandemic. Sonbol added that the positive economic developments felt by these lines of trade finance were large and cemented the ITFC’s firm commitment to the people and socio-economic growth of Uzbekistan.

Orient Finans Chairman of the Board, Tokhir Djunaydullaev, highlighted t...