GEFF Uzbekistan - UzPSB Senior Loan (EBRD-51959)

Countries
  • 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
Approved
Bank Risk Rating
FI
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
Mar 23, 2021
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
Uzpromstroybank
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)
$ 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.
Bank Documents
Primary Source

Original disclosure @ EBRD website

Updated in EWS Apr 4, 2021

Disclosed by Bank Mar 31, 2021


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Project Description

According to bank site information, EBRD provides a four-year senior loan of up to US$ 25 million to Joint Stock Commercial Bank UzPromStroyBank (UzPSB).

PROJECT OBJECTIVES

The Loan will enable UzPSB to enhance its product range and provide term financing to private clients in the country for investments in climate change mitigation and adaptation technologies and services supporting Green Economy Transition.

 

COMPANY CONTACT INFORMATION

Afzal Musakhanova.musakhanov@uzpsb.uz+99897 745 7383www.sqb.uz3, Shakhrisabz street, Tashkent city, 100000, Uzbekistan

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

 

UZBEK INDUSTRIAL AND CONSTRUCTION BANK JSCB (UZPROMSTROYBANK)

UzPSB is the oldest bank in Uzbekistan, ranked second by assets (13 per cent of the market share). The bank is majority-owned by the state, primarily via the Uzbekistan Fund for reconstruction and Development and the Ministry of Finance.

Contact Information

COMPANY CONTACT INFORMATION

Afzal Musakhanova.musakhanov@uzpsb.uz+99897 745 7383www.sqb.uz3, Shakhrisabz street, Tashkent city, 100000, Uzbekistan

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

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: pcm@ebrd.com or you can submit a complaint online using an online form at: 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