FIF - UzPSB SME Senior Loan (EBRD-51909)

  • 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
May 28, 2020
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.
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)
$ 40.00 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)
$ 40.00 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 Jun 20, 2021

Disclosed by Bank Apr 21, 2020

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Project Description

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:

  • Foster SME competitiveness by increasing availability of financing;
  • Contribute to the competitiveness of UzPSB by helping improve innovation in strategy; products, processes and marketing related to SME lending;
  • By ensuring that UzPSB has adequate underwriting and risk management practices in place;
  • It also seeks to encourage sustainable lending practices, supporting the resilience of the financial system.
Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Financial Intermediary
Private Actors
Private Actors Description

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).


Contact Information


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Company Contact Information

General Enquiries
+998 71 200 43 43
3, Shakhrisabz street, Tashkent city, 100000, Uzbekistan