PROJECT

Projects

Summary of Investment Information

Project Number

53290

Company Name

HAMKORBANK JSCB

Date SPI Disclosed

Jul 1, 2026

Country

Uzbekistan

Region

Central Asia and Turkiye

Projected Board Date

Jul 26, 2026

Environmental Category

FI-2 - Limited

Status

Pending Approval

Last Updated Date

Jul 2, 2026

Department

Regional Industry FIG MCT

Industry

Financial Markets

Sector

Commercial Banking - SME Finance

Project Description

 The proposed investment (the Project) entails a senior loan of up to US$100 million to Hamkorbank (the Bank), an IFC investment client since 2001, to support its lending to local MSMEs (of which at least 80% will be SMEs), including WMSMEs, in the Republic of Uzbekistan. The Project comprises an A-loan of up to US$70 million from IFC's own account as well as at least US$30 million to be mobilized under IFC's B-loan program and/or from parallel lenders. A-loan may be reduced to accommodate a larger B-loan, subject to positive market response to syndication efforts. A 35% contractual carve-out of the use of proceeds is designated for WMSMEs, with a best-effort 10% climate target. The A-Loan tenor will be 4 years including 12 months grace period, the tenor of the B-Loans may be shorter subject to lenders appetite.                                                            

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation