Proposed Senior Loan to DemirBank for Supporting Micro, Small, and Medium-Sized Enterprises

Reported by

Asian Development Bank XM-DAC-46004 Multilateral

ACTIVITY SCOPE	COLLABORATION TYPE	AID TYPE	FINANCE TYPE	FLOW TYPE	TIED STATUS	HIERARCHY
National 4	Multilateral (inflows) 2	Project-type interventions C01	Standard loan 421	Non-export credit OOF 21	Untied	1

IATI IDENTIFIER

XM-DAC-46004-48320-001-LN3234

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DOCUMENTS ( 4 )

Reports and Recommendations of the President APPLICATION/PDF EN 2025-03-31+08:00 Pre- and post-project impact appraisal Objectives / Purpose of activity Intended ultimate beneficiaries Budget Results, outcomes and outputs Extended Annual Review Report APPLICATION/PDF EN 2025-03-31+08:00 Review of project performance and evaluation Results, outcomes and outputs Procurement contracts are between the private sector company and contractor. APPLICATION/PDF EN 2025-03-31+08:00 Tender Procurement contracts are between the private sector company and contractor. APPLICATION/PDF EN 2025-03-31+08:00 Contract

Planned start date 2014-07-14+08:00

Actual start date 2014-07-14+08:00

Actual end date 2018-06-14+08:00

activity status: Finalisation

Physical activity is complete or the final disbursement has been made, but the activity remains open pending financial sign off or M&E

WHO'S INVOLVED ( 2 )

PARTICIPATING ORG	REFERENCE	ROLE	TYPE
Asian Development Bank	REF XM-DAC-46004 ID XM-DAC-46004-48320-001-LN3234	Accountable	Multilateral
DEMIRBANK OJSC	ID XM-DAC-46004-48320-001-LN3234	Implementing	Government

Senior loan of up to $20 million to Demir Bank (Demir) to on-lend to micro, small and medium-sized enterprises (MSMEs) in Azerbaijan. Most Azerbaijani enterprises range in the micro and small sized category; however, they lack access to finance.

policy marker( 3 )

CODELIST	VOCABULARY	DESCRIPTION
Inclusive economic growth CODE INCLUSIVE ECONOMIC GROWTH	Reporting Organisation	No description provided
Private sector development CODE PRIVATE SECTOR DEVELOPMENT	Reporting Organisation	No description provided
Some gender elements (SGE) CODE SOME GENDER ELEMENTS (SGE)	Reporting Organisation	No description provided

recipient country ( 1 )

AzerbaijanAZ

100

country budget items ( 1 )

The budget identifier reported uses IATI budget identifier categories

3.12.1

100

sector ( 1 )

The sector reported corresponds to an OECD DAC CRS 5-digit purpose code http://reference.iatistandard.org/codelists/Sector/

Informal/semi-formal financial intermediaries24040

100

Informal/semi-formal financial intermediariesMicro credit, savings and credit co-operatives etc.

capital spend

The percentage of the total commitment that is for capital spending

100

Financial Overview

Outgoing Commitment ( 1 )

Disbursement ( 30 )

Outgoing Commitment

Disbursement

Transactions ( 31 )

Outgoing Commitment ( 1 )

DATE	DESCRIPTION	PROVIDER	RECEIVER	VALUE
2023-09-30		Asian Development Bank	DEMIRBANK OJSC	20,000,000 USD

Outgoing Commitment

Disbursement ( 30 )

DATE	PROVIDER	RECEIVER	VALUE
2014-09-30	Asian Development Bank	DEMIRBANK OJSC	0 USD
2014-12-31	Asian Development Bank	DEMIRBANK OJSC	0 USD
2015-03-31	Asian Development Bank	DEMIRBANK OJSC	0 USD
2015-06-30	Asian Development Bank	DEMIRBANK OJSC	0 USD
2015-09-30	Asian Development Bank	DEMIRBANK OJSC	20,000,000 USD
2015-12-31	Asian Development Bank	DEMIRBANK OJSC	0 USD
2016-03-31	Asian Development Bank	DEMIRBANK OJSC	0 USD
2016-06-30	Asian Development Bank	DEMIRBANK OJSC	0 USD
2016-09-30	Asian Development Bank	DEMIRBANK OJSC	0 USD
2016-10-31	Asian Development Bank	DEMIRBANK OJSC	0 USD
2016-11-30	Asian Development Bank	DEMIRBANK OJSC	0 USD
2016-12-31	Asian Development Bank	DEMIRBANK OJSC	0 USD
2017-01-31	Asian Development Bank	DEMIRBANK OJSC	0 USD
2017-02-28	Asian Development Bank	DEMIRBANK OJSC	0 USD
2017-03-31	Asian Development Bank	DEMIRBANK OJSC	0 USD
2017-04-30	Asian Development Bank	DEMIRBANK OJSC	0 USD
2017-05-31	Asian Development Bank	DEMIRBANK OJSC	0 USD
2017-06-30	Asian Development Bank	DEMIRBANK OJSC	0 USD
2017-07-31	Asian Development Bank	DEMIRBANK OJSC	0 USD
2017-08-31	Asian Development Bank	DEMIRBANK OJSC	0 USD
2017-09-30	Asian Development Bank	DEMIRBANK OJSC	0 USD
2017-10-31	Asian Development Bank	DEMIRBANK OJSC	0 USD
2017-11-30	Asian Development Bank	DEMIRBANK OJSC	0 USD
2017-12-31	Asian Development Bank	DEMIRBANK OJSC	0 USD
2018-01-31	Asian Development Bank	DEMIRBANK OJSC	0 USD
2018-02-28	Asian Development Bank	DEMIRBANK OJSC	0 USD
2018-03-31	Asian Development Bank	DEMIRBANK OJSC	0 USD
2018-04-30	Asian Development Bank	DEMIRBANK OJSC	0 USD
2018-05-31	Asian Development Bank	DEMIRBANK OJSC	0 USD
2018-06-30	Asian Development Bank	DEMIRBANK OJSC	0 USD

Disbursement

result( 1 )

output( 1 )

OutputResults of the activity that came about as a direct effect of your work and specific, what is done, and what communities are reached. For example, X number of individuals.

Output

indicator( 1 )

Design and Monitoring Framework

DOCUMENTS ( 2 )

Extended Annual Review Report APPLICATION/PDF EN 2025-03-31+08:00 Review of project performance and evaluation Results, outcomes and outputs Reports and Recommendations of the President APPLICATION/PDF EN 2025-03-31+08:00 Results, outcomes and outputs

INDICATOR

Output indicators are in the Completion Report: https://www.adb.org/sites/default/files/project-documents/48320/48320-001-xarr-en.pdf

FACET	BASELINE	TARGET	ACTUAL	%	PERIOD
		Qualitative	Qualitative

Asian Development Bank

George Gordon Rublee

https://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=48320-001 (Closed)&officer= grublee@adb.org&division= Credit Portfolio Monitoring Division, ORM&projectcountry= Azerbaijan

other identifier( 1 )

REFERENCE IDENTIFIER	OWNER ORG IDENTIFIER	TYPE	DESCRIPTION
46004	Asian Development Bank	Previous Reporting Organisation Identifier CODE B1	No description provided

conditions( 2 )

NARRATIVE	TYPE	DESCRIPTION
Type 2	Performance	The condition attached requires certain outputs or outcomes to be achieved by the recipient
Type 3	Fiduciary	The condition attached requires use of certain public financial management or public accountability measures by the recipient