Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Uzbekistan
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Netherlands Development Finance Company (FMO)
Status: Approved
Bank Risk Rating: U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2016-01-14
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: OJSC Hamkorbank (HB)
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Finance
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 0.04 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

Currency conversion note:
Bank reported EUR 0.04 MLN
Converted using 2016-01-14 exchange rate.
Loan Amount (USD): $ 0.04 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

Currency conversion note:
Bank reported EUR 0.04 MLN
Converted using 2016-01-14 exchange rate.

Share This Page

 

Contact Us

Do you have more information on
this project, or want to get involved?
Contact EWS

Primary Source

Original disclosure @ FMO website
Updated in EWS: 2018-04-05
MS. HELMA PURVINSKA
FMO-45317

Project Description

According to FMO website, this project is to develop a strategic Human Resources (HR) Management system to align core HR procedures with the goals of staff policy. Additionally, the aim is to improve the remuneration and motivation systems of the Bank staff. HB has benefitted a lot from its engagement with FMO as it managed to grow significantly over the last two years -in particular in the Small and Medium Enterprises (SME) segment. SME sector development is a key-priority for FMO's MASSIF fund. In line with its financial services to HB, the capacity development grant offers guidance for HB’s organisational structure and would implicitly contribute to the country’s SME sector development.

Investment Description

OJSC Hamkorbank (HB) is founded in 1991 and FMO client since 2012. HB is a universal bank offering a wide spectrum of banking services, and is one of the two leading private commercial banks in Uzbekistan. Clientele comprises small and medium enterprises (53 percent), corporates (33 percent) and individuals (14 percent). HB has around 2,000 employees and a country-wide branch network of 35 branches, and 160 outlets (mini-banks).

Contact Information

No contact information provided at the time of disclosure.