Posts Tagged ‘European Bank for Reconstruction and Development’

Microfinance Focus, Dec. 17, 2009: Speaking at an investment conference in Astana recently, European Bank for Reconstruction and Development (EBRD) President Thomas Mirow has urged the Kazakh authorities to improve the business climate for small companies to help broaden the base of the country's economy. Speaking at the 22nd Plenary Session of the Foreign Investors’ Council (FIC), chaired by President Nursultan Nazarbayev, Mr Mirow ... Full story

Microfinance Focus, Nov. 23, 2009: European Bank for Reconstruction and Development (EBRD) has announced it will lend €15 million to C. B. Moldindcon Bank (MICB) to boost its funding to small and medium enterprises (SMEs). This is in response to the the economic downturn, which has significantly limited the lending capacity of banks in Moldova, said a statement. The credit will be used to finance investments ... Full story

Microfinance Focus, Nov 09, 2009: TenGer Financial Group LLC (TenGer), the holding company of XacBank, successfully increased its share capital by MNT 7.5 billion. A total of MNT 7.5 billion was raised from the existing shareholders and MNT 5 billion of this amount injected in XacBank, bringing its capital to MNT33.6 billion, said in an official release. XacBank based out of Ulaanbaatar, Mongolia, is a microfinance ... Full story