FIF - Ipoteka Bank SME Senior Loan (EBRD-49313)

  • 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 29, 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.
JSCMB Ipoteka-bank
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)
$ 25.00 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)
$ 25.00 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 Mar 28, 2018

Disclosed by Bank Oct 12, 2017

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Project Description

This project provides financing to JSCMB Ipoteka-bank for loans to small and medium-sized enterprises in Uzbekistan, and for trade finance activities.

Investment Description
  • European Bank for Reconstruction and Development (EBRD)

This loan will be split into two: a loan for up to USD$ 25 million for small and medium-sized sub-borrowers, and up to USD$ 5 million for trade finance.

Ipoteka Bank is one of the leading financial institutions in Uzbekistan, ranking 4th by total assets and 5th by loan portfolio as of YE2016. The bank provides the whole range of commercial banking services via its wide network of 38 branches and over 700 outlets covering the whole country. IB has multiple shareholder structure with the largest stakes held by state-owned "Uznefteproduct" and Uzbekistan's Ministry of Finance.


Contact Information

General Enquiries
+998 71 150 89 61
+998 71 150 67 97
30, Shakhrisabz street, Tashkent, Uzbekistan, 100000


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