Ipak Yuli Bank secures $80m club loan for Uzbekistan operations

Emerging Markets Global Advisory LLP (EMGA) has finalized an $80 million club loan financing facility for Uzbekistan’s Ipak Yuli Bank. The transaction was funded by a group of international institutions, including OeEB, CDP, and Allianz Global Investors (AGI).

The financing is intended to expand the bank’s support for small and medium-sized enterprises (SMEs), gender equality initiatives, and green investment portfolios. According to Ipak Yuli Bank CEO Umidjon Khakimov, the deal diversifies the bank’s funding base and strengthens its ability to support local businesses and clients in Uzbekistan.