IFC converted its loan into equity in Ipoteka Bank
Summary
IFC converted its loan into equity in Ipoteka Bank, completing a long-running transaction tied to the bank’s transformation. The deal extends a partnership that began in 2016 and supported governance, strategy, and privatization preparation. The bank said it completed all agreed milestones before the loan conversion. The move supports Uzbekistan’s effort to build a more competitive, market-oriented banking sector and may lead to additional modernization work in core banking and financial operations.
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