PROJECT

Projects

Summary of Investment Information

Project Number

45442

Company Name

IPAK YULI BANK JSIB

Date SPI Disclosed

Nov 19, 2021

Country

Uzbekistan

Region

Central Asia and Turkiye

Projected Board Date

Nov 5, 2021

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Jun 11, 2022

Department

Regional Industry FIG MCT

Industry

Financial Markets

Previous Events

Approved : Nov 5, 2021
Signed : Mar 24, 2022
Invested : May 16, 2022

Sector

Commercial Banking - SME Finance

Project Description

The IFC investment is a senior loan of up to US$20 million or equivalent in Uzbek Soum (UZS ) to Ipak Yuli Bank (IYB or the Bank), a private mid-sized bank in Uzbekistan and an existing IFC investment and advisory client. IFC lending will support the Bank’s lending program to local SME clients, including women-owned SMEs. Along the senior loan, the existing trade facility limit to the Bank will be permanently enhanced from the current US$2 million to US$7.5 million for up to 12 months with a sublimit of US$2.5 million for up to 24 months.  

                                                  

Associated Advisory Engagement

 IFC plans to engage its advisory services to work with the Bank on the capacity building of banking on women

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation