FIF - Uzbek Leasing SME Senior Loan (EBRD-49309)

  • Uzbekistan
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
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
Nov 16, 2017
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.
Uzbek Leasing International A.O.
The holder of the loan, grant, or other investment.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 10.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 10.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Oct 27, 2017

Disclosed by Bank Oct 11, 2017

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Project Description
This project provides funding to Uzbek Leasing International A.O. for granting finance leases for commercial vehicles, trucks and trailers and equipment to small and medium-sized enterprises in Uzbekistan.
Investment Description
This loan will consist of two tranches of USD$ 3 million each, and a third tranche of USD$ 4 million.
Private Actors Description
UZBEK LEASING INTERNATIONAL AO UL was founded in 1996. The Company's shareholders are the National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU)- 41.6%, Uzbek-Oman Investment Company ("UzOman"), a joint venture between the sovereign wealth funds of Uzbekistan and Oman created to facilitate Omani investments in Uzbekistan - 38.7%, and Malayan Banking Berhad (Maybank) - 19.7%. With its headquarters in Tashkent and representative offices in 7 regions, UL specialises in providing a wide spectrum of leasing services (equipment and vehicles) to local SMEs. Total assets comprised USD 45.2m, net profit - USD 7.4m at YE 2016.
Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Uzbek Leasing International A.O. Client -

Contact Information
Mr. Zafar Mustafaev (+998 71) 140-77-44 (+998 71) 140-37-74 Page 3 1, Beshyogoch Street Tashkent, 100066 Republic of Uzbekistan ACCOUNTABILITY MECHANISM OF EBRD The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at or you can submit a complaint online using an online form, You can learn more about the PCM and how to file a complaint at