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 »
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 »
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 »
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 »
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 »
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 »
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 »
Event Name: European Microfinance Network (EMN) 10th Annual Conference
Event Date: June 25-26, 2013
Event Location: Clarion Hotel, Stockholm, Sweden Continue Reading »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
“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 »
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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