Ipak Yuli Bank
A significant part of Uzbekistan's population still has no or limited access to bank services. Ipak Yuli Bank currently services over 8,000 micro, small and medium-sized enterprises, that play an important role in the growth of the economy. Product innovation is high on Ypak Yuli Bank’s agenda. To give an example: the bank will look into the possibilities to develop green financing; this could be loans to buy solar equipment.
Triodos Microfinance Fund and Triodos Fair Share Fund have provided a loan to Ipak Yuli Bank to further realise its growth ambitions. This loan fits the Triodos funds' strategy to stimulate the SME (small and medium-sized enterprises) sector in emerging and developing economies.
KEY INDICATORS Ipak Yuli Bank at year-end 2015:
- number of loan clients: 8,398
- percentage of female clients: 34%
- percentage of rural clients: 14%
- average loan amount: EUR 115,474
- number of savings clients: 5,342