According to EBRD project information, bank provides US$ 40 million ("Loan") to Joint Stock Commercial Bank UzPromStroyBank (UzPSB) for a three years with a purpose of further proceeds to qualified private small and medium sized enterprises ("SME") in line with the Policy Statement.
The Loan will enable UzPSB to diversify its portfolio, which is currently skewed toward large corporate clients, helping it to achieve a more balanced structure. It will also contribute to the expansion of the bank's SME client segment, including via reaching new clients and regions outside of Tashkent. Moreover, the Loan will further competition in the real economy by increasing availability of financing to the Uzbekistan's SMEs and, thus, supporting lending continuation to one of the segments most impacted by the COVID-19 crisis.
The Loan seeks to:
JSCB “Uzpromstroybank” is one of the oldest financial institutions in the Republic of Uzbekistan. Its history dates back to opening of Middle Asian Bureau of Industrial Bank in Tashkent in 1922. Main largest shareholders of the Bank: Fund for Reconstruction and Development of the Republic of Uzbekistan, Agency of State Assets Management of the Republic of Uzbekistan, as well as enterprises of key branches of economy.SCB "Uzpromstroybank" is The Best Leading Partner of the Asian Development Bank in Uzbekistan in 2018 and 2019 (ADB Leading Partner Bank Award), The Best Leading Partner of ICD in Uzbekistan in 2018 and Commerzbank’s Trade Award (Excellent Partnership Of The Year, 2013).
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 email@example.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.
Company Contact Information
+998 71 200 43 43
3, Shakhrisabz street, Tashkent city, 100000, Uzbekistan