FIF - Hamkorbank MSME Loan II (EBRD-52860)

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
Proposed
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
Jul 21, 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
HAMKORBANK JSCB
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)
$ 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.
Bank Documents
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jun 26, 2021

Disclosed by Bank Jun 15, 2021


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Project Description

According to bank site information, EBRD is going to provide a three-year senior loan of up to US$ 40 million equivalent to Joint Stock Commercial Bank with Foreign Capital Hamkorbank (Hamkorbank). It would be provided via three tranche.

PROJECT OBJECTIVES

The main objectives of the project is to contribute fo the Financial Intermediary Framework (FIF).

 

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

HAMKORBANK JSCB

Hamkorbank is the largest private bank in Uzbekistan with strong expertise in MSME lending, it is ranked eighth by assets (3 per cent market share). The bank is majority-owned by Mr. Ikram Ibragimov, a local businessman. FMO, IFC and responsAbility are among shareholders.

Contact Information

COMPANY CONTACT INFORMATION

Alexander Khankhan.alexander@hamkorbank.uzhttps://hamkorbank.uz/en/85 Bobur Avenue
Andijan region 170119
Republic of 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