FIF - YiB CA - UzPSB Loan II (EBRD-57309)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Uzbekistan
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
May 28, 2026
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Uzpromstroybank JSCB
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
  • Industry and Trade
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Other Related Projects
Primary Source

Original disclosure @ EBRD website

Updated in EWS May 28, 2026

Disclosed by Bank Apr 7, 2026

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the EBRD, the project consists of the provision of an unsecured senior loan of up to US$ 50 million in the local currency equivalent or US dollars to Uzpromstroybank JSCB (UzPSB or SQB). The loan will be provided in two equal tranches of up to US$ 25 million each, the second tranche will be uncommitted. The loan will be provided under the Youth in Business Financing Programme for Central Asia (YiBP CA), rolled into a blended finance programme under the Financial Intermediaries Framework (FIF).

The loan aims to (i) build on the successful momentum of the YiB loan I extended to the client in 2025 by further supporting the youth segment and expanding UzPSB's product offering. The proposed product will combine financing with non-financial services (NFS) targeted at young entrepreneurs, thereby enhancing their access to finance and skills within the economy; and (ii) diversify UzPSB's funding base.

Financing structure:

  • the EBRD offers local currency financing on terms not readily available in the market.
  • the EBRD offers a tenor, which is longer than available to the client in the market on reasonable terms and conditions.

Innovative financing structures and/or instruments:

The project will benefit from a Result Based Compensation (RBC), which is a tailor-made and innovative instrument in the Central Asian market. RBC is intended to support UzPSB to offer lower or more flexible collateral requirements.

Standard setting:

Through a combination of elements (financing; RBC; TC), the Programme will help UzPSB raise its inclusive financing standards by generating a better awareness and understanding of the needs of the underserved segment of young entrepreneurs. The comprehensive TC package will support UzPSB in adapting its products and delivery mechanisms to better suit the needs of young entrepreneurs, thus allowing UzPSB to use the potential of the segment and accelerating its financial inclusion.

Knowledge, innovation and capacity building:

UzPSB will benefit from the Programme's extensive capacity building, comprising of training, advisory support for PFIs and for Youth MSMEs through ASB activities, allowing all parties to access and benefit from knowledge and expertise that may not be present in the local market. A strong focus will be on digital delivery to maximise outreach and improve accessibility to services in the regions outside of the capital, making the products attractive to young entrepreneurs and micro-companies.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

The EBRD categorized the project E&S risk as 'FI'.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Financial Intermediary
A financial intermediary is a bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by the EBRD, UzPromstroybank JSCB is the third largest bank in Uzbekistan with total assets of US$ 7.9 billion, loans of US$ 5.0 billion, and capital of US$ 0.9 billion as of end of 2025. The bank operates through 105 outlets across the country, it has 3,965 employees servicing 3.2 million clients. UzPSB is rated BB with a stable outlook (Fitch, 13 Mar 2026).


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Financial Intermediary - Uzpromstroybank JSCB:

Abdurashid Khakimov, Head of FI/IR
Email: akhakimov@sqb.uz 
Phone: +99878 1204500 ext. 7600
Website: https://sqb.uz 
Address: 3, Shakhrisabz str. Tashkent 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

How it works

How it works