FIF - CA WiB Programme-DAVR Bank



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

10 Mar 2020



PSD disclosed:

18 Mar 2020

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Project Description

Senior loan of US$ 2 million equivalent to be used for on-lending to women-led MSMEs

Project Objectives

The project aims to promote women's entrepreneurship and participation in business by improving their access to finance and advice through dedicated credit lines and tailored technical assistance programmes.

Transition Impact

ETI score: 70

The project will help the bank develop and launch tailored sustainable credit mechanisms targeted at women-led MSMEs and will contribute to women's economic inclusion by supporting women-led MSMEs' access to finance and providing business advisory and skills development services.

The project supports competitiveness of women entrepreneurs in Uzbekistan by facilitating their access to financing and also contributes to competitiveness of Davr Bank by assisting it in expansion of product portfolio.

Client Information


Davr Bank is a privately-owned bank focused on MSME and retail segments. As of end 2019, it ranked 19th by assets and 18th by loan portfolio with market shares of 0.5 per cent and 0.4per cent, respectively.

EBRD Finance Summary

USD 2,000,000.00

Total Project Cost

USD 2,000,000.00


Financing Structure: the EBRD will provide medium-term funding which remains scarce to the sector.

Standard-setting: helping projects and clients achieve higher standards: Davr Bank will benefit from the EBRD expertise on higher financial standards and gender standards. For the WiB Loan, compliance with policy statements, ESD requirements and financial covenants will ensure use of loan proceeds, adherence to the best ES practices and financial risk management. Proceeds of the WiB Loan will be used for on-lending to women-led MSMEs in accordance with the relevant policy statement, hence promoting economic inclusion of female entrepreneurs.

Knowledge, innovation, and capacity building: the EBRD provides expertise, innovation, knowledge and/or capabilities that are material to the timely realisation of the project's objectives. The WiB Loan will be accompanied by TC component which will help the bank develop financial products and lending practices that meet the specific needs of Women MSMEs and support implementation of the Programme including through training of staff and marketing support. Davr Bank will benefit from EBRD's experience in Advice for Small Businesses activities aimed at providing access to advice to WiB segment.

Environmental and Social Summary

Categorised FI (ESP 2014). Davr Bank is an existing client with a previous MSME line. Environmental and Social Due Diligence (ESDD) was carried out on Davr Bank as part of this previous transaction in 2018 and based on a review of the most recent monitoring report is in compliance with PRs 2, 4 and 9. Davr Bank will be required to continue to comply with the EBRD's Environmental and Social Risk Management Procedures for SME and Micro Loans, as well as the applicable PRs, and submit annual environmental and social reports to the Bank.

Technical Cooperation and Grant Financing

TC: estimated US$ 300,000 in support of Davr Bank (average TC amount per PFI under the Programme) out of total US$ 5m provided by the Women Entrepreneurs Financing Initiative, a Trust Fund managed by the World Bank, for project consultant to support PFIs in developing and promoting women focused products under the EBRD Central Asian WiB Programme. The TC programme will help Davr Bank develop financial products and lending practices that meet the specific needs of Women-led MSMEs. In parallel, Advise for Small Businesses (ASB) component will facilitate increased access to know-how and non-financial development services for women-led MSMEs.


Company Contact Information

General Enquiries
Block A, Navoi - Zarkaynar Street. Tashkent, 100021 The Republic of Uzbekistan

PSD last updated

18 Mar 2020

Understanding Transition

Further information regarding the EBRD’s approach to measuring transition impact is available here.

Business opportunities

For business opportunities or procurement, contact the client company.

For business opportunities with EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168

For state-sector projects, visit EBRD Procurement:

Tel: +44 20 7338 6794

General enquiries

Specific enquiries can be made using the EBRD Enquiries form.

Environmental and Social Policy (ESP)

The ESP and the associated Performance Requirements (PRs) set out the ways in which the EBRD implements its commitment to promoting “environmentally sound and sustainable development”.  The ESP and the PRs include specific provisions for clients to comply with the applicable requirements of national laws on public information and consultation as well as to establish a grievance mechanism to receive and facilitate resolution of stakeholders’ concerns and grievances, in particular, about environmental and social performance of the client and the project. Proportionate to the nature and scale of a project’s environmental and social risks and impacts, the EBRD additionally requires its clients to disclose information, as appropriate, about the risks and impacts arising from projects or to undertake meaningful consultation with stakeholders and consider and respond to their feedback.

More information on the EBRD’s practices in this regard is set out in the ESP.

Integrity and Compliance

The EBRD's Office of the Chief Compliance Officer (OCCO) promotes good governance and ensures that the highest standards of integrity are applied to all activities of the Bank in accordance with international best practice. Integrity due diligence is conducted on all Bank clients to ensure that projects do not present unacceptable integrity or reputational risks to the Bank. The Bank believes that identifying and resolving issues at the project assessment approval stages is the most effective means of ensuring the integrity of Bank transactions. OCCO plays a key role in these protective efforts, and also helps to monitor integrity risks in projects post-investment.

OCCO is also responsible for investigating allegations of fraud, corruption and misconduct in EBRD-financed projects. Anyone, both within or outside the Bank, who suspects fraud or corruption should submit a written report to the Chief Compliance Officer by email to All matters reported will be handled by OCCO for follow-up. All reports, including anonymous ones, will be reviewed. Reports can be made in any language of the Bank or of the Bank's countries of operation. The information provided must be made in good faith.

Access to Information Policy (AIP)

The AIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations following its entry into force on 1 January 2020. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.

Specific requests for information can be made using the EBRD Enquiries form.

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate; how to submit a Request for review; or contact IPAM  via email to get guidance and more information on IPAM and how to submit a request.


Share this page: