A medium-term credit line of US$ 120 million to be made available to a group of Uzbek banks for on-lending to private sector companies undertaking investment projects in Uzbekistan.
1) Support of private sector companies in Uzbekistan, thereby assisting the transition process; 2) indirect financing of projects that the EBRD cannot finance due to their size; 3) continued support of the financial sector and financial intermediation in Uzbekistan.
The loan will support the growth, development, and strengthening of the private sector in general by providing needed term funds for the development of private enterprises in Uzbekistan.
A group of Uzbek banks to be funded as follows:
National Bank of Uzbekistan US$ 60 million
Asaka Bank US$ 30 million
UzPromstroy Bank US$ 15 million
Pakhta Bank US$ 15 million
The US$ 120 million (ECU 96 million equivalent) credit line will provide funding to the participating banks to promote the increase of medium-term lending to private sector companies undertaking investment projects in Uzbekistan.
US$ 120 million (ECU 96 million equivalent).
The participating banks will follow the EBRD's "Environmental Procedures for EBRD Intermediated Lending through Local Banks" in relation to all sub-loans financed through the credit line. In implementing these procedures, the participating banks will assess potential environmental issues associated with sub-projects which are required to comply with local and/or national health, safety, environmental and public consultation requirements. The participating banks will report annually to the EBRD on environmental issues related to the credit line.
Technical cooperation funds may be required for the training of personnel in participating banks in the use of the environmental procedures.
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Public Information Policy (PIP)
The PIP 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. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP
Project Complaint Mechanism (PCM)
The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.
Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (firstname.lastname@example.org) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.