Summary of Proposed Investment
Project Number
23990
Company Name
HAMKORBANK JSCB
Date SPI Disclosed
Mar 17, 2006
Country
Uzbekistan
Industry
Financial Markets
Projected Board Date
Apr 17, 2006
Status
Completed
Sector
Grains and Beans
Department
Global Industry, Financial Markets
Environmental Category
FI
Previous Events
Approved : Jul 28, 2006
Signed : Nov 10, 2006
Invested : May 15, 2007
Project Description
The proposed project consists of the following:
- a second senior credit line of up to $3 million to Hamkorbank JSC (“Hamkorbank” or the “Bank”) and
- further technical assistance to the Bank in certain specific areas.
Hamkorbank is one of the largest privately owned banks in Uzbekistan, headquartered in Andijan, a northeastern town in Uzbekistan and focused on micro and small business lending. Initially the bank concentrated on the Andijan region, but has gradually spread its business to the neighboring Fergana region and major cities in Uzbekistan. The Bank offers not only SME loans but also micro loans, consumer loans and leasing products. Hamkorbank has been an IFC client since 2001, when IFC made a first investment of $1 million, along with the technical assistance, for the purpose of sub-lending to small and micro entrepreneurs in the region.
- a second senior credit line of up to $3 million to Hamkorbank JSC (“Hamkorbank” or the “Bank”) and
- further technical assistance to the Bank in certain specific areas.
Hamkorbank is one of the largest privately owned banks in Uzbekistan, headquartered in Andijan, a northeastern town in Uzbekistan and focused on micro and small business lending. Initially the bank concentrated on the Andijan region, but has gradually spread its business to the neighboring Fergana region and major cities in Uzbekistan. The Bank offers not only SME loans but also micro loans, consumer loans and leasing products. Hamkorbank has been an IFC client since 2001, when IFC made a first investment of $1 million, along with the technical assistance, for the purpose of sub-lending to small and micro entrepreneurs in the region.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Mr. Ikram I. Ibragimov
Chairman of the Board
Hamkor Bank
85, Bobur ave.
Andijan City, 710000
Republic of Uzbekistan
Phone: (3742) 247 039
Fax: (3742) 254 922
Chairman of the Board
Hamkor Bank
85, Bobur ave.
Andijan City, 710000
Republic of Uzbekistan
Phone: (3742) 247 039
Fax: (3742) 254 922