Uzbekistan: responsAbility Further Expands Its Portfolio in Micro and SME Finance
A responsAbility-managed private equity company investing in financial institutions in emerging economies has acquired a 7.66 percent share in Hamkorbank. The largest private bank in Uzbekistan serves micro, small and medium-sized enterprises across the country and is preparing for a next stage of growth.
The responsAbility-managed shareholding company has purchased the stake in Hamkorbank from International Finance Corporation (IFC), a member of the World Bank Group. Following the sale of approximately half of the shares held by IFC before the transaction, IFC remains an active shareholder in Hamkorbank and will continue to support the bank’s development.