JSCB HAMKORBANK
Status: Completed investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
OJSC Hamkorbank (HB) (founded in 1991, FMO client since 2012) is one of the two leading private commercial banks in Uzbekistan. HB is a universal bank offering a wide spectrum of banking services. Clientele comprises SMEs (53%), corporates (33%) and individuals (14%). HB has around 2,000 employees and a country-wide branch network of 35 branches, and 160 outlets (mini-banks).
What is our funding objective?
The objective of the CD project is for a consultant to review Hamkorbank’s Environmental and Social Management System against IFC Performance Standards (in particular IFC PS 1 and IFC PS 2), applicable local, national and international legislation, ILO Conventions signed and ratified by Uzbekistan, FMO Investment criteria and international standards.
Why do we fund this investment?
Through this project, FMO supports Hamkorbank in improving better working practices and the human rights situation in Uzbekistan.
More investments
- Website customer/investment
- http://www.hamkorbank.uz/en
- Region
- Europe & Central Asia
- Country
- Uzbekistan
- Sector
- Financial Institutions
- Effective date
- 1/15/2018
- End date
- 1/25/2019
- Total FMO financing
- EUR 0.01 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B