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Hamkorbank has signed new credit line agreement with FMO, Dutch entrepreneurial development bank

Hamkorbank has signed new credit line agreement with FMO, Dutch entrepreneurial development bank

01 / 06 / 2020

FMO, Dutch entrepreneurial development bank, has provided to Hamkorbank in amount of $ 40 million USD credit line to green financing businesses. New Credit line will be used to finance projects to expand activities and purchase additional capacities of business entities in our country.

You can find out the conditions for this credit line in our next messages.

The Bank’s partnership with FMO began in 2012. Since 2012, a number of projects have been implemented together with FMO, as a result of which many business entities have been funded. Since 2014, FMO has been one of the shareholders of Hamkorbank.

Huib-Jan de Ruijter, Director Financial Institutions at FMO: “Expanding our longstanding relationship with Hamkorbank with a new loan of which 50 percent will go towards financing green businesses is a great step forward. On top of being the leading private bank in Uzbekistan, Hamkorbank can differentiate themselves as a green bank and expand their business opportunities. We look forward to our intensified collaboration.’’

As a result of long term and reliable partnership with FMO, more than 400 SME’s were financed and about 2,000 new jobs were created through their credit lines in Uzbekistan.

In the future, we will further strengthen our collaboration with FMO and establish close cooperation in financing new projects.

 


About FMO

FMO is the Dutch entrepreneurial development bank. As a leading impact investor, FMO supports sustainable private sector growth in developing countries and emerging markets by investing in ambitious projects and entrepreneurs. FMO believes that a strong private sector leads to economic and social development and has a close to 50-year proven track-record of empowering people to employ their skills and improve their quality of life. FMO focuses on three sectors that have high development impact: financial institutions, energy, and agribusiness, food & water. With a committed portfolio of EUR 9.7 billion spanning over 85 countries, FMO is one of the larger bilateral private sector developments banks globally. For more information: please visit www.fmo.nl


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