EBRD lends up to US$70 million to Hamkorbank in Uzbekistan

Uzbekistan, Dec. 10 -- The European Bank for Reconstruction and Development (EBRD) is extending a loan of up to US$ 70 million (€60 million) to Hamkorbank, a major private lender in Uzbekistan.Provided in the synthetic local currency, the loan will be used to support micro, small and medium-sized enterprises (MSMEs) across the country.MSMEs create about 50 per cent of GDP and employ almost 80 per cent of the workforce in Uzbekistan. Their support is one the EBRD's strategic priorities.

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