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RF - Asaka Bank

Sector: Residential • Location: Uzbekistan

Source: European Bank for Reconstruction and Development (EBRD)

Project
Complete

This project was approved in the context of the Bank's response to the COVID-19 pandemic. To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of the Directive on Access to Information.  Details of the Bank's response to COVID-19, and this deviation, can be found on our website. The pr

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Project Information

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The project “RF - Asaka Bank” is an infrastructure initiative in the Residential sector, located in Uzbekistan. Taiyo aggregates data on it from European Bank for Reconstruction and Development (EBRD).

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Participants

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Status

Original status

complete

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Description

Description

This project was approved in the context of the Bank's response to the COVID-19 pandemic. To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of the Directive on Access to Information.  Details of the Bank's response to COVID-19, and this deviation, can be found on our website. The provision of a senior unsecured loan of up to US$ 50 million to be provided in synthetic Uzbek Som, US$ or € under the Resilience Framework in favour of Asaka bank. The loan will be comprised of two tranches of US$ 20 million (Tranche 1) and US$ 30 million (Tranche 2). The proceeds of the loan will be channelled by Asaka bank to private small and medium-sized enterprises (SMEs) in Uzbekistan.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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