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Proparco is supporting the Uzbek private sector, especially its small and medium-sized enterprises
Project
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Signature date
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Location
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Uzbekistan
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Financing tool
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Financing amount (Euro)
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13612850
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Financing details
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USD 15m loan
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Customer
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Hamkorbank
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Type of customer
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Financial institution
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Country of headquarters
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Uzbekistan
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Project number
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PUZ1000
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Environmental and social ranking
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IF-B
This information is given at the time of signature, without prejudice to any developments in the operation/project.
Proparco is supporting the private sector in Uzbekistan, especially its small and medium-sized enterprises, through a USD 15m loan.
Client presentation
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.
Project description
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.
Project impact
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.