IP Senior Loan (IFC-38405)

Countries
  • Uzbekistan
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
May 31, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
IPOTEKA BANK JSC MORTGAGE BANK
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 35.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jul 5, 2019

Disclosed by Bank Apr 30, 2019


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Project Description

According to the Bank's website, this project provides financing to Ipoteka Bank in order to make quasi-equity loans in Small- and Medium-sized Enterprises (SME) in Uzbekistan. 

Please note, while the projects board date has passed, the status of the project on the Bank's website is still 'proposed'. 

Investment Description
  • International Finance Corporation (IFC)

The loan will be provided in Uzbek Soum

Private Actors
Contact Information

JOINT STOCK COMMERCIAL MORTGAGE BANK “IPOTEKA BANK” 
Aziz Muhitdinov 
Chief Financial Officer 
+998 78 1508952 
azizhon@ipotekabank.uz 
30 Shakhrisabz. Str. 100000, Tashkent, Uzbekistan 
Websitehttp://www.ipotekabank.uz/ 

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/