JSCB HAMKORBANKStatus: Completed investment
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Who is our customer
Hamkorbank ("the bank") is the largest privately-owned bank and the 8th largest bank in Uzbekistan, ~5% market share measured by assets (USD ~850 million). With 42 branches and 168 mini banks they operate a countrywide network. The bank's strategy is to focus on Micro, SME and retail customers. The bank is an existing customer of FMO since 2012.
What is our funding objective?
Purpose of the intended facility is to support and promote the increasing trade finance activities of the bank.
Why do we fund this investment?
The improving Uzbekistan economy offers increasing opportunities for trade finance. The bank is an existing FMO customer with a good track record. The proposed facility contributes to economic development in Uzbekistan.
What is the Environmental and Social categorization rationale?
This facility has been categorised as Category B in accordance with FMO’s Sustainability Policy. The trade finance activities are deemed to have potential limited adverse environmental and social risks and/or impacts. As part of this facility, the bank will be required to apply the EDFI Exclusion List and national E&S laws and regulations.
|Total FMO financing
|USD 50.00 MLN
|USD 50.00 MLN
|USD 20.00 MLN
|USD 30.00 MLN
|EUR 0.01 MLN
|USD 15.00 MLN
|UZS 21524.20 MLN
|USD 5.00 MLN
- Website customer/investment
- Europe & Central Asia
- Financial Institutions
- Publication date
- Effective date
- End date
- Total FMO financing
- USD 5.00 MLN
- FMO NV
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)