.jpg)
1 hour ago
2
Article content
LONDON, Sept. 15, 2026 (GLOBE NEWSWIRE) — Emerging Markets Global Advisory LLP (EMGA) finalized a further financing for Ipak Yuli in Uzbekistan, funded by OeEB, CDP and Allianz Global Investors (AGI).
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
Commenting on the transaction, Mr. Umidjon Khakimov, CEO of Ipak Yuli Bank said, “We are pleased to strengthen our cooperation with EMGA and establish partnerships with new international institutions. This transaction further diversifies our funding base and enables us to expand our support to clients and businesses in Uzbekistan.”
Article content
Article content
Article content
EMGA’s Head of Investment Banking and Managing Director Sajeev Chakkalakal said, “We are pleased to be the lead arranger in structuring this latest facility for Ipak Yuli that was aimed at further building their SME, Gender and Green portfolios. Our close relationship with Ipak Yuli as well as each of these DFIs, has been integral to the successful execution of a complex transaction.”
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
EMGA’s Managing Director Jeremy Dobson added, “With this financing, Ipak Yuli again secures additional funding diversification.”
Article content
Sabine Gaber, CEO and Member of OeEB’s Executive Board said: “This transaction reflects OeEB’s commitment to strengthening access to finance for businesses that drive sustainable growth, promote climate action, and contribute to greater economic inclusion. By acting as catalyst and lead, and bringing together two additional development finance institutions, we are able to mobilize capital and amplify the impact of our financing. We are proud to partner with one of Uzbekistan’s leading banks to support MSMEs, green investment and women-owned businesses.”
Article content
Article content
Pietro Loy Donà, Head of Financial Institutions – Development Finance at CDP said, “As Italy’s Development Finance Institution, CDP is proud to support Ipak Yuli Bank in its mission to serve businesses and entrepreneurs across Uzbekistan. By working together with trusted partners such as OeEB and AGI, we can mobilize resources where they are needed most and contribute to sustainable and inclusive economic growth.”
Article content
Ipak Yuli is a joint-stock commercial-innovation bank in Uzbekistan. It was established in December 1990 and provides banking services to individual entrepreneurs, small and medium-sized businesses, state organizations and institutions, and to corporate customers. In addition to a wide range of banking services and credit operations, the bank carries out leasing, factoring and project financing operations, operations with cash and non-cash currency funds, operations on the stock market on behalf of clients.
Article content
OeEB Oesterreichische Entwicklungsbank AG (OeEB) has been operating as the Development Bank of Austria since March 2008. It specialises in the provision of long-term finance for the implementation of private sector projects in developing countries which create sustainable development. Additionally, OeEB provides technical assistance, which can be used to enhance the developmental impact of projects.
English (US)