The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral financial institution, recently announced that it is increasing its support of small and medium-sized enterprises (SMEs) in Tunisia. The European Union (EU) through the Programme d’Appui à la Compétitivité des Services (PACS) is providing EUR 10 million (USD 11.3 million) to the initiative.
Tag: EBRD
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Considers $100m Loan to Sberbank Kazakhstan (SBK) for Micro-, Small, Medium-Sized Enterprises (MSMEs)
The European Bank for Reconstruction and Development (EBRD), a UK-based development finance institution, is reviewing a proposal to invest KZT 15 billion (USD 100 million) in the Subsidiary Bank Sberbank of Russia Joint Stock Company (SBK) in Kazakhstan, a commercial banking subsidiary of Sberbank of Russia, to increase financial access for micro-, small and medium-sized enterprises (MSMEs) in Kazakhstan. The EBRD board of directors will consider the proposal in July 2013.
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Considers $25m Loan to Mongolia’s Khan Bank for Micro-, Small, Medium-Sized Enterprises (MSMEs)
The European Bank for Reconstruction and Development (EBRD), a UK-based development finance institution, is reviewing a proposal to invest USD 25 million in Khan Bank, a Mongolian institution, to provide funding for micro-, small and medium-sized enterprises (MSMEs) in Mongolia. Khan Bank classifies 51 to 60 percent of its operations as microfinance. The EBRD board of directors will consider the proposal in July 2013.