Anor Bank, a leading digital bank in Uzbekistan, has signed a landmark Line of Financing agreement with the Islamic Corporation for the Development of the Private Sector (ICD), securing a $US 10 million facility dedicated to SME financing.
This pioneering transaction marks ICD’s first-ever Line of Finance extended to Anor Bank, positioning the partnership as a strategic cornerstone for accelerating private sector growth and expanding access to Shariah-compliant financial solutions in Uzbekistan. The facility is designed to empower SMEs, enhance financial inclusion and support sustainable economic development across the country.
The financing aligns closely with Anor Bank’s strategic mission to strengthen SME development, diversify financing options for the private sector, and promote Islamic finance as a viable and inclusive alternative within Uzbekistan’s evolving financial ecosystem. By channelling capital to productive enterprises, the initiative is expected to stimulate job creation, innovation, and long-term economic resilience.
From ICD’s perspective, the agreement reflects its core mandate to foster private sector-led growth and support SMEs as critical engines of economic progress in its member countries. The collaboration underscores ICD’s continued commitment to delivering impactful financial solutions tailored to local market needs.
The agreement was formally signed by Dr. Khalid Khalafallah, Acting Chief Executive Officer, ICD, and Sherzod Akramov, Chairman of the Management Board of Anor Bank.
Described as a milestone, the transaction is pitched as paves the way for deeper cooperation, future investment opportunities and a new era of partnership focused on sustainable private sector development in Uzbekistan.
