Joint-Stock Innovation Commercial Bank “Ipak Yuli”

In brief

In Uzbekistan, access to finance for small and medium enterprises has been limited and the status of self-employed entrepreneurs has not been recognised, often leaving them outside formal finance. Ipak Yuli Bank is a leading privately owned Bank in Uzbekistan focusing on SME and retail clients.

Main development impact

Uzbekistan is the most populous country in Central Asia, with about 38 million inhabitants. The loan extended to Ipak Yuli Bank is aimed to MSME-focused lending towards female entrepreneurs and green lending.

Investment details

Name: Joint-Stock Innovation Commercial Bank “Ipak Yuli”
Project number: 80000413
Region: Europe and Central Asia
Country: Uzbekistan
Sector: Financial institutions
Signing date (month/year): March 2026
Currency: USD
Finnfund's financing (commitment): 25,000,000
Instrument: Loan
Jurisdiction of registration: Uzbekistan
Size of the project financing: 25,000,000
Share of Finnfund's financing (%): 100
Status: Active
Website: https://en.ipakyulibank.uz/physical

Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year.

Key facts

Name:

Joint-Stock Innovation Commercial Bank “Ipak Yuli”

Sector:

Financial institutions

Region:

Europe and Central Asia

Country:

Uzbekistan

Currency:

USD

Finnfund's financing (commitment):

25,000,000

Signing date (month/year):

March 2026

Last update:

September 2026