Eastern Europe and Central Asia | MicroCapital
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Thursday, May 23, 2013

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development to Loan $77m to UniCredit Bank Serbia for Small and Medium-sized Enterprises

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral finance institution, recently announced it will lend EUR 60 million (USD 76.9 million) to UniCredit Bank Serbia, a subsidiary of Italy-based financial services company UniCredit, for on-lending to private small and medium-sized enterprises (SMEs) in Serbia. Continue Reading »

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Thursday, May 16, 2013

MICROCAPITAL BRIEF: Telenor, Societe Generale to Purchase Serbian Unit of KBC Banka

Telenor Group, a telecommunications company based in Norway, and Societe Generale, a France-based financial institution, have agreed to purchase KBC Banka, the Serbian unit of KBC Group, a Belgium-based financial institution, for an undisclosed price. Continue Reading »

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Tuesday, May 14, 2013

MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) to Loan $6m to Mikrofin Banja Luka of Bosnia and Herzegovina, Inecobank of Armenia

The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), has recently disbursed a loan of EUR 4 million (USD 5.2 million) to Mikrofin Banja Luka of Bosnia and Herzegovina and AMD 375 million (USD 911,600) to Inecobank of Armenia [1]. Continue Reading »

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Monday, May 13, 2013

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD), European Union Commit $25m to Kyrgyz Sustainable Energy Financing Facility (KyrSEFF)

The UK-based European Bank for Reconstruction and Development (EBRD) recently launched the Kyrgyz Sustainable Energy Financing Facility (KyrSEFF), a USD 20 million credit line supporting energy efficiency projects for households and private enterprises in the Kyrgyz Republic. Continue Reading »

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Friday, May 10, 2013

MICROCAPITAL BRIEF: Absolute Portfolio Management Loans $13m from Dual Return Funds to Microfinance Institutions (MFIs) in South America, Eurasia Including FINCA Armenia

Absolute Portfolio Management (APM), an Austria-based firm that invests in microfinance and other sectors, recently notified MicroCapital that it loaned the equivalent of USD 13 million during April 2013 through two of the funds that it manages to microfinance institutions (MFIs) in Armenia, Azerbaijan, Ecuador, Honduras, Kyrgyzstan, Mongolia, Peru, the Philippines, Russia and Tajikistan. Of this amount, USD 7.5 million was issued in local currency. Continue Reading »

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Tuesday, May 7, 2013

MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) to Loan $16m to ACBA-Credit Agricole Bank of Armenia

The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), has notified MicroCapital that it recently disbursed two loans totaling the equivalent of USD 16 million to Agricultural Cooperative Bank of Armenia-Credit Agricole Bank (ACBA), a microfinance bank partially owned by French bank Credit Agricole. Continue Reading »

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Tuesday, May 7, 2013

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Opens $112m in Credit Lines to Société Générale Expressbank, Sogelease Bulgaria for On-lending, Leasing to Small, Medium-Sized Enterprises

The UK-based European Bank for Reconstruction and Development (EBRD) has agreed to loan up to EUR 85 million (USD 111.5 million) to two units of French-based Société Générale Group to finance the growth of small and medium-sized enterprises (SMEs) in Bulgaria. Continue Reading »

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Monday, May 6, 2013

MICROCAPITAL EVENT: European Microfinance Network (EMN) to Host 10th Annual Conference on Innovative Microfinance Solutions in Europe, June 25-26, 2013, Stockholm Sweden

Event Name: European Microfinance Network (EMN) 10th Annual Conference

Event Date: June 25-26, 2013

Event Location: Clarion Hotel, Stockholm, Sweden Continue Reading »

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Thursday, May 2, 2013

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Launches $100m Credit Line for Russian Residential Energy Efficiency Improvements, Center-Invest Bank Borrows $24m

The UK-based European Bank for Reconstruction and Development (EBRD) recently launched an energy efficiency credit line valued at USD 100 million to be on-lent via local private banks to benefit individual Russian households, housing associations, management companies, maintenance service providers, condominiums and energy service companies (ESCOs). Continue Reading »

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Thursday, April 25, 2013

MICROCAPITAL BRIEF: ProCredit Bank Bulgaria Launches Home Loan Program

ProCredit Bank Bulgaria, a microfinance institution (MFI) and member of Germany’s ProCredit Holding, recently launched a housing lending program for clients purchasing homes and refinancing existing home loans. Continue Reading »

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Wednesday, April 24, 2013

MICROCAPITAL BRIEF: DemirBank of Azerbaijan Offers Automated Teller Machine Repayment Option

DemirBank, an Azerbaijani commercial bank that lends to small and medium-sized enterprises, recently announced that customers have the opportunity to repay loans at automated teller machines (ATMs) with their bank cards. Continue Reading »

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Tuesday, April 23, 2013

MICROCAPITAL BRIEF: Microfinance Information Exchange Updates Online Funding Structure Database

The US-based nonprofit Microfinance Information Exchange (MIX) has updated its database on the debt owed by microfinance institutions (MFIs) to include 2011 data from 700 MFIs. Continue Reading »

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Monday, April 22, 2013

MICROCAPITAL BRIEF: Inecobank Increases Lending to Micro-, Small Businesses in Rural Armenia, Securing all of $700k Offered Through International Finance Corporation as Performance-Based Grants

Inecobank, an Armenian microfinance bank, has increased its lending to micro- and small businesses in rural Armenia in concert with a set of performance-based grants from the International Finance Corporation (IFC), a member of the US-based World Bank Group. Continue Reading »

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Wednesday, April 17, 2013

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development Loans $197m to Turkey’s Isbank to Support Small, Medium-sized Enterprises, $350m to Turkish Banks for Energy Efficiency

The European Bank for Reconstruction and Development (EBRD), an international finance institution headquartered in London, plans to provide a financing facility of EUR 150 million (USD 197 million) to Isbank, a Turkish commercial bank. Continue Reading »

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Saturday, April 13, 2013

MICROCAPITAL BRIEF: Macedonia to Boost Usage of $129m Credit Line from European Investment Bank to Support Small and Medium-sized Enterprises

The government of Macedonia reportedly has announced plans to step up disbursements from a credit line of EUR 100 million (USD 129 million) from the European Investment Bank (EIB), the long-term lending bank of the European Union. Continue Reading »

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Wednesday, April 10, 2013

MICROCAPITAL BRIEF: Online Fundraiser Kiva, Microlender Microinvest of Moldova End Partnership

Kiva, a US-based online microlending fundraiser, and Moldovan microfinance institution (MFI) Microinvest have agreed to terminate their six-year partnership for undisclosed reasons. Continue Reading »

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Friday, April 5, 2013

MICROFINANCE PUBLICATION ROUND-UP: Poverty Scorecard for Nicaragua, Financial Inclusion in Russia, Health Microinsurance in India

“A Simple Poverty Scorecard for Nicaragua;” by Mark Schreiner; January 2013; 189 pages; available at http://www.microfinance.com/English/Papers/Scoring_Poverty_Nicaragua_2009_EN.pdf

This document introduces an “easy-to-use” poverty scorecard based on household expenditure data from Nicaragua’s 2009 Living Standards Measurement Survey. Continue Reading »

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Friday, April 5, 2013

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development Loans $19m to UniCredit Serbia for Leasing to Small, Medium-sized Enterprises

The European Bank for Reconstruction and Development (EBRD), an international finance institution headquartered in London, has provided a loan of EUR 15 million (USD 19.2 million) to UniCredit Serbia, a subsidiary of the Italy-based financial services company UniCredit, to expand lease financing to small and medium-sized enterprises (SMEs) in Serbia. Continue Reading »

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