The provision of a senior loan of US$ 8 million equivalent to Davr Bank to be used for on-lending to eligible micro, small and medium-sized enterprises (MSMEs) in Uzbekistan.
The proceeds of the loan will help Davr Bank to continue supporting eligible MSMEs in Uzbekistan. At least 40 per cent of the loan proceeds is expected to be on-lent to women-led MSMEs.
ETI score: 60
The project will contribute to the Competitive and Resilient Transition Impact qualities. The project will support Davr Bank's lending to private MSMEs in Uzbekistan by a multiple of the EBRD's funding with a focus on regional outreach and attraction of new MSME clients, while maintaining sound underwriting standards.
DAVR BANK PJSC
DAVR Bank is a privately-owned bank in Uzbekistan with focus on MSME and retail segments. As of 3Q 2021, the bank ranked 17th by loan portfolio and held a market share of 0.6 per cent.
EBRD Finance Summary
Total Project Cost
Additionality will be achieved through a combination of: (i) financing structure as the EBRD provides the much-needed medium-term financing, potentially in synthetic UZS; and (ii) standard-setting - at least 40 per cent of the loan proceeds is expected to be used for on-lending to women-led MSMEs.
Environmental and Social Summary
Categorised FI (ESP 2019). Davr bank is an existing Client of the Bank. The Environmental and Social Management System (ESMS) is considered aligned with performance requirement (PR) 9. The finance is anticipated to be used for SMEs finance for which the overall environmental and social risk exposure is generally considered low to medium and for which the ESMS is considered adequate. Davr bank will need to continue to comply with PR2 and 4, the EBRD's Environmental and Social Risk Management Procedures for Corporate, SME and Micro Loans and continue to submit annual environmental and social reports to the Bank
Technical Cooperation and Grant Financing
Company Contact Information
Block A, Navoi - Zarkaynar Street. Tashkent, 100021 The Republic of Uzbekistan
PSD last updated
18 Jan 2022
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