EMGA Arranges USD 80 Million Club Loan for Uzbekistan’s Ipak Yuli Bank
News related to:Ipak Yuli Bank · 1 min read
LONDON, Sept. 15, 2026 /CourierPR/ -- Emerging Markets Global Advisory LLP (EMGA) has successfully arranged a USD 80 million club loan for Ipak Yuli Bank, a leading commercial-innovation bank in Uzbekistan. The financing is a collaborative effort involving OeEB, the Development Bank of Austria, CDP, Italy's Development Finance Institution, and Allianz Global Investors.
Ipak Yuli Bank, established in 1990, provides a wide range of banking services to individual entrepreneurs, small and medium-sized businesses (SMEs), state organizations, and corporate customers.
EMGA's Head of Investment Banking and Managing Director, Sajeev Chakkalakal, highlighted the significance of the transaction. "Our close relationship with Ipak Yuli and the DFIs has been crucial in executing this complex transaction. This funding will further support the bank's initiatives in SME, gender, and green portfolios."
Sabine Gaber, CEO and Member of OeEB's Executive Board, emphasized the institution's commitment to sustainable growth and economic inclusion. "This transaction is a testament to our mission to support businesses that drive sustainable growth and promote climate action. By working together, we can mobilize capital and have a greater impact."
Pietro Loy Donà, Head of Financial Institutions at CDP, echoed the sentiment, stating, "As Italy's Development Finance Institution, we are proud to support Ipak Yuli Bank in its mission to serve businesses and entrepreneurs across Uzbekistan. By collaborating with trusted partners, we can contribute to sustainable and inclusive economic growth."
The financing will enable Ipak Yuli Bank to expand its services and support a broader range of clients, including SMEs, women-owned businesses, and green investment projects. The bank's diverse funding sources will help it maintain its position as a key player in Uzbekistan's financial landscape.
EMGA, based in London, continues to establish itself as a pre-eminent investment bank in emerging markets, including Uzbekistan. The transaction underscores the firm's expertise in structuring complex financial arrangements for banks and financial institutions in developing countries.