Hamkorbank, the country’s leading private bank, focuses on financing microenterprises and small and medium-sized enterprises, as well as the agricultural sector. It has a total balance sheet of EUR 713m.
Through this financing to support the development of the bank’s portfolio, Proparco is supporting Uzbekistan’s private sector, especially its small and medium-sized enterprises.
The project involves supporting the growth of Hamkorbank, Uzbekistan’s leading private bank. It will support the development of Uzbek microenterprises and SMEs, the bank’s target clients (defined as a company that benefits from loans ranging between EUR 6k and EUR 413k), which currently account for 35% of the bank’s outstanding loans. The project will also support employment for local communities. The bank currently has 2,758 employees and could have an additional 1,292 in the next 5 years. Women currently account for 18% of the bank’s employees. This proportion could reach 25% in 5 years.