• logo linkedin
  • logo email
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.

04/12/2019
Date of signature of the project
Uzbekistan
Location
Financing tool
13 612 850 Euros
Amount of funding
USD 15m loan
Financing details
Hamkorbank
Client
CES