PROJECT

Projects

Summary of Investment Information

Project Number

50586

Company Name

PRIVATE JOINT-STOCK COMMERCIAL BANK DAVR-BANK

Date SPI Disclosed

Jan 22, 2025

Country

Uzbekistan

Region

Central Asia and Turkiye

Projected Board Date

Feb 22, 2025

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Dec 21, 2025

Department

Regional Industry FIG MCT

Industry

Financial Markets

Previous Events

Approved : Sep 9, 2025
Signed : Sep 19, 2025
Invested : Dec 19, 2025

Sector

Commercial Banking - SME Finance

Project Description

The proposed investment in the existing IFC portfolio client, Private Joint Stock Commercial Bank Davr Bank (“Davr” or the “Bank”), consists of a senior loan package of up to US$60 million. This package includes: (i) an A loan of up to US$30 million, to be committed in two tranches: (a) a US$20 million USD loan; and (b) a US$10 million UZS-linked loan; and (ii) B1 Loan/Parallel Loan of up to US$30 million. The loan proceeds will be used for financing micro and small enterprises (MSEs), with at least 80% of total proceeds allocated to MSEs and no less than 40% of total proceeds on-lent to Women-Owned Business (WMSEs).

Associated Advisory Engagement

IFC investment will be supported by institutional strengthening of the Bank in the areas of Risk Management.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation