Uzbekistan, EBRD Agrees $5M Credit Line to Hamkor Bank

The European Bank for Reconstruction and Development (EBRD) agreed a $5m credit line to Uzbekistan’s private bank Hamkor Bank to increase the availability of financing to micro and small enterprises (MSEs).
The loan will help Hamkor Bank finance investments and working capital of local businesses across the country, currently underserved by the large state-owned banks, which largely dominates the banking sector with a market share amounting to 85%.
Through various financing facilities, Hamkor Bank has to date received a total amount of $18m from the EBRD.

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