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As stated by the EBRD, the project consists of the provision of a senior loan of $10 million equivalent to Davr Bank ("DB") to be used for on-lending to eligible youth-led/owned micro, small and medium-sized enterprises (MSMEs) in Uzbekistan. The loan will consist of two equal tranches of $5 million each. The loan will be provided either in US dollar or in synthetic UZS.
The loan will enable DB to finance youth-led/owned businesses in Uzbekistan and thus contribute to the improvement in access to finance for young entrepreneurs in the country.
The EBRD categorized the project environmental and social risk as 'FI'.
As stated by the EBRD, DAVR Bank is a privately-owned bank in Uzbekistan with focus on MSME and retail segments. As of end 2024, DB was ranked 20th by loan portfolio among 36 banks in the country and held a market share of 1.2% by total assets.
Financial Intermediary - DAVR Bank:
General Enquiries
Email: info@davrbank.uz
Website: www.davrbank.uz
Address: Block A, Navoi - Zarkaynar Street. Tashkent, 100021 The 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