MS. HELMA PURVINSKA (FMO-45317)

Countries
  • Uzbekistan
Where the impacts of the investment may be experienced.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
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
Jan 14, 2016
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
OJSC Hamkorbank (HB)
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 Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.04 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 0.04 MLN
Converted using 2016-01-14 exchange rate.
Loan Amount (USD)
$ 0.04 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 0.04 MLN
Converted using 2016-01-14 exchange rate.
Primary Source

Original disclosure @ FMO website

Updated in EWS Jun 25, 2018


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Project Description

According to FMO website, this project is to develop a strategic Human Resources (HR) Management system to align core HR procedures with the goals of staff policy. Additionally, the aim is to improve the remuneration and motivation systems of the Bank staff. HB has benefitted a lot from its engagement with FMO as it managed to grow significantly over the last two years -in particular in the Small and Medium Enterprises (SME) segment. SME sector development is a key-priority for FMO's MASSIF fund. In line with its financial services to HB, the capacity development grant offers guidance for HB’s organisational structure and would implicitly contribute to the country’s SME sector development.

Investment Description
  • Netherlands Development Finance Company (FMO)

OJSC Hamkorbank (HB) is founded in 1991 and FMO client since 2012. HB is a universal bank offering a wide spectrum of banking services, and is one of the two leading private commercial banks in Uzbekistan. Clientele comprises small and medium enterprises (53 percent), corporates (33 percent) and individuals (14 percent). HB has around 2,000 employees and a country-wide branch network of 35 branches, and 160 outlets (mini-banks).

Contact Information

No contact information provided at the time of disclosure.

ACCOUNTABILITY MECHANISM OF FMO

Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism