PROJECT

Projects

Summary of Investment Information

Project Number

44268

Company Name

ESKHATA BANK OAO

Date SPI Disclosed

Dec 3, 2021

Country

Tajikistan

Region

Central Asia and Turkiye

Projected Board Date

Jan 27, 2022

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Dec 3, 2025

Department

Regional Industry FIG MCT

Industry

Financial Markets

Previous Events

Approved : Jan 27, 2022
Signed : May 26, 2022
Invested : Jul 19, 2022

Sector

Commercial Banking - SME Finance

Additional Project Attributes

Blended Finance

Project Description

 The Project entails IFC investment in OJSC “Bank Eskhata” (“Eskhata” or the “Bank”), one of the leading private banks in Tajikistan, an IDA country, to support expansion of its lending program to micro, small and medium enterprises (“MSME”) segment that has been negatively affected by the COVID-19 crisis. The investment will be provided in Tajik somoni for the maturity of up to three years and will be a part of the IFC’s Base of the Pyramid (BOP) Program. The project will benefit from blended finance from the IDA19 Private Sector Window.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation