Commercial banks reported a total net profit of 1.470 billion lari ($474 million) from January to August compared to a loss of 316.7 million lari in the same period in 2020.

IFC loan, denominated in Uzbek soums, will provide the bank with access to long-term financing in local currency, limited in the market due to the COVID-19 pandemic.

The bank raised the upper level of the rate corridor to 7.00 percent from 6.75 percent and the lower level - to 6.00 percent from 5.75 percent.

Today the Russian Trade and Economic Development Council is working on 25 international markets to support Russian companies expand abroad as well as helping international businesses move into the Russian market.

Central Bank, which has revised its economic growth forecast to 4.6 percent from 3 percent in June, said that two main drivers of the higher growth would expand more rapidly this year than it was projected earlier.