Tashkent, Uzbekistan (UzDaily.com) — JSC Hamkorbank has secured a loan of 1.26 trillion soums ($100 million) from the Dutch development bank FMO.

The loan agreement was signed on 15 August 2024, following approval by the bank’s Supervisory Board on 14 August.

The funds, which represent 28.6% of the bank’s net assets, will be directed towards financing micro, small, and medium-sized enterprises, including projects related to women’s and youth entrepreneurship.

It’s worth noting that FMO is one of Hamkorbank’s shareholders.

Currently, Hamkorbank ranks third among private banks in Uzbekistan by loan portfolio volume, which amounts to 17.99 trillion soums. The bank’s non-performing loan (NPL) ratio is only 1.2% (219 billion soums).

As of 1 July 2024, the bank’s assets reached 23.59 trillion soums, with liabilities totaling 19.18 trillion soums. The total volume of deposits exceeded 9.73 trillion soums.