Unibank Commercial Bank Open Joint-Stock Company
Status: Approved investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
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?
Unibank is a mid-sized bank in Azerbaijan with a solid position in the retail segment and growing involvement in micro-, small-, and medium-sized enterprise (MSME) financing through conventional and digital banking. Total assets amount to USD 1.3 billion, and total capital is about USD 141 million.
What is our funding objective?
This USD 50 million loan agreement, consisting of USD 25 million committed and USD 25 million uncommitted tranches, is a 4-year multi-currency facility that allows Unibank to attract funding in local currency AZN and USD. Through the loan, FMO provides stable medium-term funding to finance the bank's growing loan portfolio and improve the balance sheet structure of the bank.
Why do we fund this investment?
This loan is used to finance a combination of micro-entrepreneurs and agricultural SMEs for 100% of the facility amount. This loan is used to finance a combination of micro-entrepreneurs and agricultural SMEs for 100% of the facility amount. 100% of FMO's investment is labelled as Reducing Inequalities as it supports activities that contribute to Inclusive Growth, contributing to SDG 10 and 8.
What is the Environmental and Social categorization rationale?
The project has E&S risk category C in accordance with FMO’s Sustainability Policy. The project’s activities are deemed to have minimal or no adverse environmental and social (E&S) risks and/or impacts. As part of the project, the bank will be required to apply the EDFI Exclusion List and the local E&S laws and regulations.
- Website customer/investment
- https://unibank.az/en
- Region
- Europe & Central Asia
- Country
- Azerbaijan
- Sector
- Financial Institutions
- Publication date
- 7/15/2026
- Effective date
- 9/15/2026
- Total FMO financing
- USD 25.00 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) - C