Posts Tagged ‘EBRD’

Microfinance Focus, Sep 2, 2010: The European Bank for Reconstruction and Development – EBRD will be lending up to 2.9 billion roubles (76 million) to Credit Europe Bank for meeting the growing demand for local currency loans from small and medium-sized enterprises (SME’s) of Russia, says a release. It will be an unsecured five-year senior loan to the Credit Europe Bank which is majority-owned by the ... Full story

Microfinance Focus, Aug 18, 2010: The European Bank for Reconstruction and Development (EBRD) has recently disbursed KGS 112 million in loans to MCC Frontiers and FINCA MCC, the two microfinance institutions in the Kyrgyz Republic for on-lending to smaller microfinance institutions and local entrepreneurs in rural regions of the country. The first, in the amount of KGS 47 million (equivalent to USD 1 million) represents the ... Full story

Microfinance Focus, July 15, 2010: The European Bank for Reconstruction and Development (EBRD) is providing a $20 million loan to DenizBank for on-lending to local companies and households undertaking energy efficiency investments. The loan is part of the EBRD’s $200 million Turkey Sustainable Energy Financial Facility (TurSEFF), approved by the EBRD Board of Directors in May 2010. DenizBank is one of the four banks in ... Full story

Microfinance Focus, July 13, 2010: The European Bank for Reconstruction and Development (EBRD), has recently announced a synthetic loan worth $8 million in local currency to XacBank for financing micro and small businesses in Mongolia. Established in 1998, XacBank is the second largest microfinance bank in Mongolia, with a wide network of branches throughout the country. The EBRD holds approximately ten per cent equity stake ... Full story

Microfinance Focus, May 21, 2010: For supporting the development of micro and small enterprises, The European Bank for Reconstruction and Development (“EBRD”) and Daiwa Securities Group are planning an issue of EBRD microfinance bonds in the EBRD’s countries of operations. The funding will be raised under the EBRD’s Global Medium Term Note Program. Proceeds will support EBRD operations that fund financial institutions which provide microfinance ... Full story

Microfinance Focus, Feb 8, 2010: In November, the EBRD teamed up with the Netherlands Development Finance Company, the International Co-operation and Development Fund (ICDF) and five commercial banks to lend €50 million to Garanti Bank. The financing will be available for investments in small companies operating outside the three main Turkish cities of Ankara, Istanbul and Izmir. Garanti Bank is one of two Turkish banks that ... Full story

Microfinance Focus, Jan. 19, 2010: The European Bank for Reconstruction and Development has provided a €15 million loan to C. B. Moldindconbank (MICB) to support the development of its portfolio of SME credits in view of the significant fall in lending activities of the Moldovan banks which has affected small and medium-sized companies (SMEs). “This is ... Full story

Microfinance Focus, Dec. 22, 2009: The EBRD has announced it will provide a $5 million credit line to Hamkor Bank in Uzbekistan for on-lending to micro and small enterprises (MSEs), said a statement. The loan will help Hamkor Bank to expand its lending services, especially to micro and small businesses. MSEs are currently underserved by the large state banks in Uzbekistan who dominate with a market ... Full story

Microfinance Focus, Dec. 22, 2009: The European Bank for Reconstruction and Development (EBRD) will provide its first loan denominated in Georgian Lari (GEL) to JSC Crystal Microfinance Organisation, said an announcement on Monday. The loan amount, equivalent to $1 million,  will be used to for on-lending to micro and small enterprises (MSEs). This transaction will help Crystal meet the increasing demand for longer-term loans in GEL, ... Full story

Microfinance Focus, Dec. 17, 2009: The EBRD is increasing further the availability of financing to private businesses in Moldova with a loan equivalent of $5 million to Microinvest for on-lending to micro and small enterprises (MSEs). Microinvest is currently the third largest non-bank microfinance institution in Moldova with wide geographical coverage, focusing primarily on rural lending. The global financial crisis has hit Moldova through the significant decline ... Full story

Microfinance Focus, Dec. 17, 2009: Speaking at an investment conference in Astana recently, European Bank for Reconstruction and Development (EBRD) President Thomas Mirow has urged the Kazakh authorities to improve the business climate for small companies to help broaden the base of the country's economy. Speaking at the 22nd Plenary Session of the Foreign Investors’ Council (FIC), chaired by President Nursultan Nazarbayev, Mr Mirow ... Full story

Microfinance Focus, Dec. 1, 2009: The IFC Global Corporate Governance Forum and the European Bank for Reconstruction and Development (EBRD) will hold a two-day workshop on Corporate Governance in Tbilisi this week to be attended by over 40 participants from 13 countries. The conference will address issues including qualification of board members, disclosure of beneficial ownership, internal and external audits, and transparency disclosure. The workshop will also ... Full story

Microfinance Focus, Nov. 27, 2009:  The European Bank for Reconstruction and Development (EBRD) is investigating new ways to fund micro, small and medium enterprises (MSMEs) in Russia, including a dedicated MSME funding facility. This is part of the EBRD's new strategy for Russia to promote diversification in the "real" economy and support the transition towards a knowledge-based economy to lessen the economy's dependence on natural resources, ... Full story

Microfinance Focus, Nov. 23, 2009: European Bank for Reconstruction and Development (EBRD) has announced it will lend €15 million to C. B. Moldindcon Bank (MICB) to boost its funding to small and medium enterprises (SMEs). This is in response to the the economic downturn, which has significantly limited the lending capacity of banks in Moldova, said a statement. The credit will be used to finance investments ... Full story