PROJECT

Projects

Summary of Investment Information

Project Number

49536

Company Name

HAMKORBANK JSCB

Date SPI Disclosed

Jul 8, 2024

Country

Uzbekistan

Region

Central Asia and Turkiye

Projected Board Date

Oct 31, 2024

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Aug 27, 2025

Department

Regional Industry FIG MCT

Industry

Financial Markets

Previous Events

Approved : Jan 3, 2025
Signed : Jun 12, 2025
Invested : Aug 25, 2025

Sector

Commercial Banking - General

Project Description

 The Project involves a 3-year senior loan of up to US$50 million with an option to be disbursed as a UZS-linked loan to Joint-Stock Commercial Bank with Foreign capital “Hamkorbank” (“Hamkorbank”, or the “Bank”), an IFC investment client since 2001, to support the Bank’s lending to micro and small enterprises (“MSEs”), including women-owned MSEs. The Project may also include a senior syndicated loan of up to US$30 million. 

Associated Advisory Engagement

 Since July 2023 IFC's advisory teams have been helping Hamkorbank strengthen its capacity by (1) developing an SME-focused strategy and a plan to integrate it into the Bank's business and operations; (2) implementing the ESG policies and practices, including strengthening the Supervisory Board and Board Committees, corporate governance practices and the environmental and social management system.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation