The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral development bank, recently announced that it will extend a loan of EUR 25 million (USD 34.3 million) to the European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV) that was initiated by German development bank Kreditanstalt für Wiederaufbau Entwicklungsbank (KfW) with the financial support of the German development ministry Bundesministerium für Wirtschaftliche Zusammenarbeit und Entwicklung (BMZ) and the European Commission.
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MICROCAPITAL BRIEF: Kompanion Financial Group of Kyrgyzstan Receives Syndicated Loan of $12m from European Bank for Reconstruction and Development (EBRD), Nederlandse Financierings-Maatschappijvoor Ontwikkelingslanden (FMO)
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral financial institution, has announced that it has arranged a three-year syndicated loan in local currency equivalent to USD 12 million for Kompanion Financial Group, a microfinance institution (MFI) in Kyrgyzstan [1].
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Lends $47m to Orient Express Bank of Russia to Support Energy Efficient Investments, Agriculture
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral financial institution, has announced that it has disbursed three loans in local currency equivalent to EUR 34 million (USD 46.5 million) to Orient Express Bank (OEB), a private commercial bank in Russia [1].
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Invests $60m in Banque Marocaine du Commerce Extérieur’s Eurobond Issue for Micro-, Small, Medium-Sized Enterprises in Morocco
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral financial institution, recently invested USD 60 million in a 5-year, senior, unsecured USD 300 million bond issue by a Moroccan public joint stock bank, Banque Marocaine du Commerce Extérieur (BMCE).
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Loans $68m to Garanti Leasing of Turkey to Support On-lending to Micro-, Small, Medium-sized Enterprises (MSMEs)
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral financial institution, has opened a credit line of EUR 50 million (USD 68.3 million) for Garanti Leasing (GL), a leasing company subsidiary of Turkey’s Garanti Bank (GB), to be on-lent to micro-, small and medium-sized enterprises (MSMEs) in the country.
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) to Loan $2m to FINCA Jordan for On-Lending to Micro-, Small Enterprises (MSEs)
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral financial institution, recently announced that it will disburse a senior loan of USD 2 million to Foundation for International Community Assistance (FINCA) Jordan, a microfinance institution (MFI) based in Jordan that is a part of the US-based, nonprofit FINCA International microfinance network.
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Loans $4m to Microfund for Women (MFW) of Jordan to Support Onlending to Female Entrepreneurs
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution that provides loans and other services in 36 countries, recently announced that it will extend a senior loan of USD 4 million to Microfund for Women (MFW), an NGO microlender in Jordan, to support onlending to female entrepreneurs.
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) May Loan $27m to Tunisie Leasing to Support On-lending to Micro-, Small, Medium-sized Enterprises (MSMEs) in Tunisia
The European Bank for Reconstruction and Development, a UK-based multilateral financial institution, is researching the possibility of disbursing a senior, unsecured loan of no more than EUR 20 million (USD 27.3 million) to Tunisie Leasing, a leasing company with operations in Tunisia and Algeria, to support its on-lending to micro-, small and medium-sized enterprises (MSMEs) in Tunisia.
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD), Nederlandse Financierings-Maatschappijvoor Ontwikkelingslanden NV (FMO) Buy 25% of Microfinance Institution Imon of Tajikistan for $6.5m
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution that finances development projects, and Nederlandse Financierings-Maatschappijvoor Ontwikkelingslanden NV (FMO), a Dutch public-private partnership that aims to promote growth in developing economies, recently announced a joint investment of USD 6.5 million in Imon International, a microfinance institution in Tajikistan.
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Issues $12.5m in Local Currency Loans to Armenia’s Agricultural Cooperative Bank of Armenia-Credit Agricole Bank (ACBA) to Support Micro-, Small and Medium-Sized Enterprises (MSMEs), Energy Efficient Investments
The UK-based European Bank for Reconstruction and Development (EBRD), a multilateral institution that finances development projects, has provided two local-currency loans totaling the equivalent of USD 12.5 million to Agricultural Cooperative Bank of Armenia-Credit Agricole Bank (ACBA), a microfinance bank partially owned by French bank Credit Agricole [1].
MICROCAPITAL BRIEF: 3k Moldovan Remittance Recipients Save $7m After European Bank for Reconstruction and Development (EBRD) Financial Education Program
The UK-based European Bank for Reconstruction and Development, a multilateral institution that finances development projects, has initiated a financial education project in Moldova that is aimed at providing recipients of remittances with improved financial skills to manage the money they receive as well as to encourage them to open bank accounts [1].
MICROCAPITAL BRIEF: Sekerbank Borrows $146m from European Fund for Southeast Europe (EFSE), European Bank for Reconstruction and Development (EBRD), International Finance Corporation (IFC) to Fund Agricultural, Women-owned Businesses in Turkey
Sekerbank, a Turkish private bank, has borrowed EUR 59.5 million (USD 82 million) from the European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution; EUR 36.3 million (USD 50 million) from the International Finance Corporation, a member of the US-based World Bank Group; and EUR 10 million (USD 13.7 million) from the European Fund for Southeast Europe (EFSE), a Luxembourg-based, EU-backed microfinance investment vehicle [1] [2].
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Issues Local-currency Loan of $1.5m to First MicroCredit Company of Kyrgyz Republic
The UK-based European Bank for Reconstruction and Development (EBRD), a multilateral institution that finances development projects, recently provided a local-currency loan equivalent to USD 1.5 million to First MicroCredit Company (FMCC), a Kyrgyz microfinance institution, to support on-lending to its micro-, small and medium-sized enterprise (MSME) customers, especially those in the agricultural sector.
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Considers Lending $23.5m to Russia’s Transcapitalbank for Residential Energy Efficiency
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution, is considering financing a senior loan of RUB 750 million (USD 23.5 million) to Transcapitalbank (TCB), a Russia-based banking institution, for on-lending for residential energy-efficiency projects.
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Launches Online Environmental, Social Training Program for Clients
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution that finances development projects, recently launched an online environmental and social training program that aims to help its clients manage the environmental and social risks that arise from their lending operations.
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Establishes $2m Local Currency Credit Line for Bank of Asia
The UK-based European Bank for Reconstruction and Development (EBRD) recently opened a local-currency credit line equivalent to USD 2 million for the Bank of Asia Closed Joint Stock Company (CJSC), a public bank based in the Kyrgyz Republic, to support the bank’s micro-, small and medium-sized enterprise (MSME) clients.
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Loans $1m to Transcapital Financial Services (TFS) of Mongolia to Support Micro-, Small, Medium-sized Enterprises
The UK-based European Bank for Reconstruction and Development (EBRD) recently signed a deal with Mongolian microfinance institution (MFI) Transcapital Financial Services (TFS) to provide a local-currency loan of MNT 1.62 billion (USD 1 million) for on-lending to microenterprises throughout Mongolia.
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD), Taiwan International Cooperation and Development Fund (TaiwanICDF) Lend $3.5m to TBC Kredit of Azerbaijan for Micro-, Small, Medium-Sized Enterprises
The UK-based European Bank for Reconstruction and Development (EBRD) recently reported that it will lend USD 2.5 million to Tbilisi Business Centre (TBC) Kredit LLC, a microfinance institution (MFI) based in Azerbaijan, to support on-lending micro-, small and medium-sized enterprises (MSMEs) in Azerbaijan.