The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution, recently signed its first transactions providing local-currency funding in Belarus. EBRD extended lines of credit equivalent to USD 10 million each to Belarusky Narodny Bank (BNB-Bank) and
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MICROCAPITAL BRIEF: EBRD Loans $45m to Bank CenterCredit of Kazakhstan, Mostly for Micro-, Small, Medium-sized Enterprises (MSMEs) Run by Women Outside Major Cities
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution, recently disbursed three-year loans totaling USD 45 million to Bank CenterCredit, a commercial bank in Kazakhstan.
MICROCAPITAL BRIEF: EBRD Loans $29m to Turkish Leasing Firm QNB Finans Finansal Kiralama for Energy-efficiency Investments
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution, recently loaned EUR 25 million (USD 29 million) to Qatar National Bank Finans Finansal Kiralama (QNB Finans Leasing), a subsidiary of the Turkish commercial bank, QNB Finansbank.
MICROCAPITAL BRIEF: EU Funding Expansion of EBRD Women in Business Programme to Morocco
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution, is expanding its Women in Business Programme to Morocco, where it will offer training sessions, networking opportunities and internet-based mentoring for women entrepreneurs in the country.
MICROCAPITAL BRIEF: Government of Sweden Gives $3m for EBRD’s Women in Business Programme for SMEs in Moldova
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution, recently disbursed a grant in the amount of SEK 26 million (USD 3 million) to support its Women in Business Programme in Moldova. The funds, which have been supplied by the Swedish government
MICROCAPITAL BRIEF: EBRD Loans $59m to Qatar National Bank (QNB) Tunisia for Small, Medium-sized Enterprise (SME) Financing
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution, recently loaned EUR 50 million (USD 59 million) to Qatar National Bank (QNB) Tunisia, a subsidiary of the Qatar-based QNB Group. QNB Tunisia will use the proceeds from the loan to on-lend to small and medium-sized enterprises (SMEs) in Tunisia. This is the first transaction between EBRD and QNB Tunisia.
MICROCAPITAL BRIEF: EBRD, UN’s Food and Agriculture Organization (FAO) Training Farmer Cooperatives in Serbia
The European Bank for Reconstruction and Development (EBRD), a UK-based development bank, and the Food and Agriculture Organization (FAO), an Italy-based organization of the UN dedicated to addressing world hunger, recently have united to support farmer cooperatives in Serbia. With assistance from the Serbian government,
MICROCAPITAL BRIEF: EBRD Loans $5.9m in Local Currency to Erste Bank ad Novi Sad to Support Household Energy Efficiency in Serbia
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution, recently loaned RSD 600 million (USD 5.9 million) to Erste Bank ad Nova Sad (Erste Bank Serbia), a commercial banking subsidiary
MICROCAPITAL BRIEF: EBRD Loans $59m in Local Currency to ProCredit Bank of Bulgaria for On-lending to SMEs
The European Bank for Reconstruction and Development (EBRD), a UK-based development bank, recently loaned EUR 50 million (USD 59 million) to ProCredit Bank (Bulgaria) EAD, a provider of financial services to individuals and
MICROCAPITAL BRIEF: EBRD to Guarantee $20m in Lending by Bank al Etihad to Small, Medium-sized Enterprises (SMEs) in Jordan
Bank al Etihad, whose shares are traded on the Amman Stock Exchange, recently secured an agreement from the UK-based European Bank for Reconstruction and Development (EBRD) to share risk on USD 20 million in lending by Bank al Etihad to small and medium-sized enterprises (SMEs) in Jordan. The borrowers – most of which are expected to be medium-sized firms – will be able to access
MICROCAPITAL BRIEF: Agricover Credit of Romania Borrowing $12m in Local-currency from EBRD for Agricultural Microfinance
Agricover Credit, a member of Romania’s Agricover Holding, is borrowing the local-currency equivalent of USD 12 million from the UK-based European Bank for Reconstruction and Development (EBRD) for on-lending to farmers in Romania.
Established in 2008, Agricover Credit lends exclusively to the Romanian agricultural sector. Established seven years earlier, the Agricover Group has 850 employees serving 4,500 customers. Its primary holdings are Agricover Credit and Agricover SA, which trades agricultural inputs and
MICROCAPITAL BRIEF: EU Funding EBRD’s Regional Small Business Program in Uzbekistan to Support Micro-, Small, Medium-sized Enterprises (MSMEs) in Central Asia
The UK-based European Bank for Reconstruction and Development (EBRD) recently launched a Regional Small Business Program in the city of Tashkent to support financial institutions that serve micro-, small, medium-sized enterprises (MSMEs) in Uzbekistan and nearby countries. The program is to include a digital knowledge-sharing platform as well as classroom
MICROCAPITAL BRIEF: Turkey’s Yapi Kredi Bank Sells $60m in Covered Bonds to EBRD for Residential Energy Efficiency
Yapi Kredi Bank, a Turkish member of Italy-based UniCredit Group, recently sold the local-currency equivalent of USD 60 million in covered bonds to the UK-based European Bank for Reconstruction and Development (EBRD). The bonds, which are backed by housing loans, are slated to fund residential energy efficiency projects carried out by homeowners, housing managers and firms dealing in energy-efficient equipment.
The funding is supported by a concessional loan of USD 15 million from
MICROCAPITAL BRIEF: EBRD Extends $6m Credit Line to Raiffeisen Leasing Kosovo to Promote MSMEs
The UK-based European Bank for Reconstruction and Development (EBRD) recently announced it will extend up to EUR 5 million (USD 6 million) in credit to
MICROCAPITAL BRIEF: EBRD to Lend $20m to Uzbekistan’s Hamkorbank to Support SMEs
The European Bank for Reconstruction and Development (EBRD), a multilateral institution headquartered in London, England, recently announced that it will loan USD 30 million to Uzbekistan’s Joint Stock Commercial
MICROCAPITAL BRIEF: EBRD Provides $5.9m Loan to Albanian Fondi Besa to Support Agribusiness
The European Bank for Reconstruction and Development (EBRD), a multilateral institution headquartered in London, England, recently announced that it will provide a loan of EUR 5 million (USD 5.9 million) to the Albanian
MICROCAPITAL BRIEF: Netherlands’ FMO Arranges Syndicated Loan of $110m for Aklease to Support Energy Efficiency in Turkey, with Participation from EBRD, Green for Growth Fund, OFID
The Netherlands Development Finance Company, a government-backed institution also known by its Dutch acronym FMO, recently arranged a syndicated loan in the amount of USD 110 million for Ak Finansal Kiralama AS (Aklease), a leasing subsidiary of the Turkish bank Akbank, to support energy-efficiency and
MICROCAPITAL BRIEF: EBRD, EU, European Investment Advisory Hub to Provide Technical Assistance to SMEs in Bulgaria, Romania
The UK-based European Bank for Reconstruction and Development (EBRD), the EU and the European Investment Advisory Hub recently created a program to provide