PROJECT

Projects

Summary of Investment Information

Project Number

49545

Company Name

IPAK YULI BANK JSIB

Date SPI Disclosed

Jun 28, 2024

Country

Uzbekistan

Region

Central Asia and Turkiye

Projected Board Date

Jul 29, 2024

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Oct 20, 2024

Department

Regional Industry FIG MCT

Industry

Financial Markets

Previous Events

Approved : Sep 11, 2024
Signed : Sep 25, 2024
Invested : Oct 18, 2024

Sector

Commercial Banking - SME Finance

Project Description

The proposed investment is a 3-year senior loan of up to US$80 million to Ipak Yuli Bank (IYB or the Bank) to support the Bank’s lending to Micro, Small and Medium Enterprises (MSMEs) with at least 25% of the total proceeds to be earmarked for on-lending to women-owned MSMEs (WMSMEs).

Associated Advisory Engagement

 IFC plans to engage its advisory services to support the transformation of the MSME business model of the Bank with a focus on customer centricity for corporate and MSME segments.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation