EBRD provides $25m to Uzpromstroybank to boost SME financing

The European Bank for Reconstruction and Development is boosting access to financing for Uzbekistan's SMEs by providing a loan of up to $25 million to the country’s oldest lender, Uzpromstroybank. The loan will be made under the EBRD's Resilience Framework, designed to tackle the economic impact of the coronavirus pandemic.

The funds will be disbursed in Uzbek som to protect local businesses from foreign currency exchange-related risks. The loan will also support the funding base of the country’s leading financial institution, which is serving more than 1 million clients and has a network of 45 branches and 170 outlets across Uzbekistan.