In March 2018, the GLS Fund invested in Uzbekistan for the first time. Since the beginning of the 1990s, Hamkorbank has built up a branch network that is now nationwide and offers over 50 different financial services. Over 90 percent of the outstanding loans are being used for microfinance, with a focus on agriculture. Hamkorbank advises its customers on financial and budget planning and introduces them to dealing with modern financial products.
Since 2012, the bank has integrated questions about the environmental and social compatibility of its investments into its internal risk management as a standard. In addition, Hamkorbank supports the Smart Campaign and aims to have its own customer protection measures certified in the future.
EUR 10.000.000
3
30 June, 2024
Uzbekistan, Asia
85 Bobur Avenue, Andijan city, Uzbekistan, 170119
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The investment fund is subject to a risk of increased volatility. No assurance can be given that the investment objectives will be achieved. Information on past performance does not allow any conclusions about future performance. In general, every investment carries the risk of capital loss.
Any performance figures shown are net figures. If an investor wishes to purchase units for €1,000, he must pay €1,025 with an issue premium of 2.5%. The investor may incur securities account costs and other costs (e.g., custody or safekeeping costs), which reduce the performance. The tax treatment depends on the individual circumstances of each investor. An investment is associated with risks. For detailed information on opportunities and risks, please refer to the current sales documents.
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Information on sustainability-related aspects in accordance with EU Regulation 2019/2088 can be found at https://www.ipconcept.com/fs/getdata.php?m=getDoc&id=PSzBxMfcvdrEWZnOaY56.