TASHKENT, Uzbekistan, July 7. The European Bank for Reconstruction and Development (EBRD), in cahoots with Hamkorbank Joint-Stock Commercial Bank (JCSB), has thrown a $2.8 million senior loan into the mix for Silkway Color LLC, a local player in the commercial printing game in Uzbekistan, Trend reports via EBRD's press service.
The capital infusion was executed within the parameters of the
EBRD’s Risk Sharing Framework (RSF), with a 50 percent allocation
of the loan underwritten directly by the Bank.
The capital infusion will empower Silkway Color to acquire a
cutting-edge, energy-efficient printing line sourced from Germany.
This innovative apparatus is anticipated to markedly enhance the
organization’s operational efficacy, mitigate ecological footprint,
and facilitate additional expansion within the regional printing
sector.
This signifies the 17th engagement between EBRD and Hamkorbank
within the framework of the RSF, highlighting a robust and
continuous collaboration focused on augmenting financial
accessibility for small and medium-sized enterprises (SMEs)
throughout Uzbekistan.
The EBRD persists in facilitating private sector evolution and
eco-friendly capital allocations throughout Central Asia, enabling
indigenous enterprises to innovate and enhance their competitive
edge.
