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.
Search Results for: EBRD
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development Plans to Invest $20m in Da Vinci Private Equity Fund II for Financial Infrastructure SMEs in Commonwealth of Independent States
The European Bank for Reconstruction and Development (EBRD), a multilateral financial institution based in London, plans to invest up to USD 20 million in the Da Vinci Private Equity Fund II, which invests in small and medium enterprises (SMEs) operating in the financial infrastructure sector in the Commonwealth of Independent States (CIS), which is composed of the former Soviet republics.
MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Loans $974k to Araratbank of Armenia
The European Fund for Southeast Europe (EFSE), a microfinance investment vehicle launched by German development bank KfW Entwicklungsbank, has informed MicroCapital that it recently disbursed an AMD 400 million (USD 974,000) loan to open joint stock corporation Araratbank of Armenia, a bank that primarily provides financial services to micro-, small and medium-sized enterprises (MSMEs) in the country.
MICROFINANCE PAPER WRAP-UP: “Microfinance at The Margin: Evidence from Bosnia and Herzegovina”; by Ralph De Haas, Heike Harmgart, Britta Augsburg and Costas Meghir; published by European Bank for Reconstruction and Development
By Ralph De Haas, Heike Harmgart, Britta Augsburg and Costas Meghir, published by European Bank for Reconstruction and Development, November 2012, 8 pages, available at: http://www.ebrd.com/downloads/research/economics/publications/specials/bosnia_mircofinance.pdf
This report from the European Bank for Reconstruction and Development (EBRD) describes a randomized field experiment in Bosnia and Herzegovina analyzing the effects that a lack of credit may have on entrepreneurship and poverty.
MICROCAPITAL BRIEF: Aspekt to Provide Microfinance Software to Serbian Microlender MicroFinS-DBS
Aspekt, a Macedonia-based information and communication technology company, has signed a deal to install its microfinance software for MicroFinS-DBS, a limited liability company based in Serbia that provides microloans.
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development Loans $3m to Arnur Credit to Support Micro- and Small Enterprises in Rural Kazakhstan
The European Bank for Reconstruction and Development (EBRD), a multilateral development finance institution headquartered in London, has agreed to provide a local-currency loan in an amount equivalent to USD 3 million to Arnur Credit, a microfinance institution (MFI) in Kazakhstan, for on-lending to micro- and small enterprises (MSEs) in rural areas of the country.
MICROCAPITAL BRIEF: International Finance Corporation Loans $29m to Center-Invest Bank to Support Small Businesses in Southern Russia
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has agreed to loan RUB 900 million (USD 29 million) to Center-Invest Bank, a Russian private bank, to increase lending to small and medium-sized enterprises (SMEs) in southern Russia.
MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Makes $643k Equity Buy into Kreditimi Rural I Kosoves of Kosovo
The European Fund for Southeast Europe (EFSE), a fund that seeks to foster economic development in southeastern Europe and parts of Central Asia, has made an equity investment of EUR 479,000 (USD 643,000) in Kreditimi Rural I Kosoves LLC (KRK), a microfinance institution based in Kosovo.
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development, Raiffeisen Bank Aval, John Deere Partner to Provide Farming Equipment in the Ukraine
The European Bank for Reconstruction and Development (EBRD), a multilateral development finance institution headquartered in London, and Raiffeisen Bank Aval, a subsidiary of Austria’s Raiffeisen Bank International, have partnered to issue loans to Ukrainian farmers so that they can purchase farming equipment from a third partner in the project, US-based agricultural machinery provider John Deere.
MICROCAPITAL BRIEF: International Bank for Reconstruction and Development (IBRD) to Loan $20m for Russian Government’s Microfinance Development Program
The International Bank for Reconstruction and Development (IBRD), a member of the US-based World Bank Group, reportedly approved a loan of USD 20 million to be disbursed to establish a government-run Microfinance Development Program in Russia, for which the Russian government will budget USD 40 million.
MICROCAPITAL BRIEF: Belarus Drafts Decree Regulating Microfinance Industry
The government of Belarus reportedly has issued a draft decree that would regulate microfinance institutions (MFIs).
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development Loans $1.35m to LandesLease of Albania to Support Small and Medium-sized Enteprises (SMEs)
The European Bank for Reconstruction and Development (EBRD), an international finance institution headquartered in London, has provided a five-year loan of EUR 1 million (USD 1.35 million) Albanian leasing company LandesLease.
MICROCAPITAL BRIEF: responsAbility Social Investments Loans $1.5m to Al Majmoua (Lebanese Association for Development), $10m to Araratbank of Armenia
ResponsAbility Social Investments, a Swiss investment company, recently made a loan of USD 1.5 million to Al Majmoua, a nonprofit microcredit organization also known as the Lebanese Association for Development.
MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Loans $32m to Garanti Leasing of Turkey to Boost Services to Micro, Small and Medium-Sized Enterprises
The European Fund for Southeast Europe (EFSE), a microfinance investment vehicle (MIV) based in Luxembourg, recently disbursed a EUR 25 million (USD 32.6 million) loan to Garanti Leasing, a subsidiary of Turkey’s Garanti Bank that provides real-estate and equipment leasing services, to aid it in serving more micro, small and medium-sized enterprises (SMEs) particularly in rural areas.
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development Loans $13.2m to BT Leasing Transilvania of Romania
The European Bank for Reconstruction and Development (EBRD), a London-based development finance institution, recently loaned EUR 10 million (USD 13.2 million) to BT Leasing Transilvania, a subsidiary of Banca Transilvania (BT), a privately-owned Romanian bank.
MICROCAPITAL BRIEF: Part of $38b Commitment From European Investment Bank, World Bank, European Bank For Reconstruction and Development To Support SMEs
The European Investment Bank (EIB), the long-term lending bank of the European Union; the World Bank Group, a family of five organizations that provide leveraged loans and grants to developing countries; and the European Bank for Reconstruction and Development (EBRD), a development finance institution headquartered in London, recently launched a new joint international financial institution (IFI) action plan that is intended to rekindle growth in Central and South-Eastern Europe by supporting private and public sector initiatives including infrastructure, corporate investment and local financial sectors.
MICROCAPITAL BRIEF: Banks in Mongolia Back Movable Collateral Reforms in Effort to Boost Small and Medium-Sized Enterprise Lending
The Mongolian Bankers Association (MBA), a nonprofit association of financial institutions in Mongolia; the International Finance Corporation (IFC), the private investment arm of the World Bank Group; and the European Bank for Reconstruction and Development (EBRD), a development finance institution headquartered in London, recently hosted a roundtable event to deliberate on lending reforms with respect to broadening access to finance for small and medium-sized enterprises (SMEs) and other borrowers in Mongolia.
MICROCAPITAL BRIEF: International Finance Corporation Aims to Boost Entrepreneurship in Romania with $10m Loan to Patria Credit
The International Finance Corporation (IFC), the private investment arm of the World Bank Group, recently agreed to loan RON 36.6 million (USD 10.3 million) to Patria Credit, a non-banking microfinance institution in Romania, with the goal of enhancing access to finance for micro- and small-scale entrepreneurs in Romania.