DEG and Triodos IM increased their share in the authorized capital of Ipak Yuli Bank

As a result of the acquisition of an additional stake in Ipak Yuli Bank, the share of DEG and Triodos IM in the authorized capital increased to 15.59% for each.

The German development financial institution DEG and the Dutch investment company Triodos Investment Management acquired an additional stake in Ipak Yuli Bank and increased their share in the share capital to 15.59% for each investor.

This transaction is a confirmation of the confidence of foreign investors in the ongoing reforms in Uzbekistan and further support for the development of the country, as well as a sign of confidence in the stable growth of Ipak Yuli Bank.

The increase in the authorized capital was one of the main directions for implementing the bank’s development strategy for 2022-2024, expanding opportunities to provide a wide range of high-quality financial services for micro, small and medium enterprises, as well as individual entrepreneurs in Uzbekistan.