CJSC ACCESSBANK TAJIKISTAN
Status: Completed investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
AccessBank Tajikistan (ABTJ) was founded in February 2010 by FMO's partner, Access Microfinance Holding AG, and EBRD, IFC and KfW. ABTJ became operational in April 2010 as a fully-fledged commercial bank serving micro-, small-, medium- and agri-enterprises in Tajikistan. The bank's vision is to become the leading micro-, small- and medium-sized enterprise (MSME) bank in Tajikistan, setting new standards for the Tajik banking industry in terms of professionalism, transparency and efficiency. The bank seeks to contribute to private sector growth, and thereby contribute to new business and employment opportunities for the Tajik population.
What is our funding objective?
FMO provided a long-term senior loan to be used for on-lending to rural and urban MSMEs. As long-term funding is unavailable in the local market, FMO's loan contributes significantly to the growth of this bank and therefore indirectly of the development of Tajikistan's private sector entrepreneurs. Next to our loan, we provided ABTJ with grant funding from our Capacity Development Programme to support the development and implementation of a special agricultural lending product.
Why do we fund this investment?
Access Bank Tajikistan is a subsidairy of our long-standing partner Access Microfinance Holding, which has founded seven MSME banks in Africa and Asia and is known as one of the leading institutions in this field. Despite its short existence, ABTJ has already established itself as being one of the leading banks in Tajikistan in terms of transparency and profesionalism. As long-term funding is unavailable in the local market, FMO's loan contributes significantly to the growth of this bank and therefore indirectly of the development of Tajikistan's private sector entrepreneurs.
- Website customer/investment
- http://www.accessbank.tj
- Region
- Europe & Central Asia
- Country
- Tajikistan
- Sector
- Financial Institutions
- Effective date
- 12/3/2012
- End date
- 10/9/2018
- Total FMO financing
- USD 5.00 MLN
- Funding
- MASSIF
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - C