Our clients
Our partner financial institutions
Our direct financing clients
Our advisory clients
Our partner financial institutions
We work with more than 200 partner financial institutions, which together have an SME portfolio of over €9.8 million. We are active across regions, deploying flagship programme such as our €287 million Women in Business Programme in Turkey.
We also develop alternative financial solutions for our SME clients, including factoring and leasing, energy efficiency credit lines and assistance to agricultural businesses.


Our direct financing clients
We focus our tailor-made direct finance support on regions where access to finance options are limited for small businesses. More than half of our investments were in countries in Central Asia and in Eastern Europe and the Caucasus.
We support enterprises across a wide range of sectors and industries, particularly in the agribusiness and manufacturing and services segments.

Our advisory clients
We provide access to know-how in 26 countries. Our outreach is balanced across regions, with 72% of our projects taking place in our priority regions of Central Asia, Eastern Europe and the Caucasus, southern and eastern Mediterranean and the Western Balkans.
Through our projects with local consultants, our clients access a wide range of know-how, with a particular focus on ICT, marketing, strategy and quality management.


Financial inclusion
Local currency lending
Loan maturities
Geographic distribution
Local currency lending
A key challenge facing SMEs is overreliance on foreign exchange lending. We promote local currency financing in our activities with our partner financial institutions. As of mid-2016 88% of loans (by number) disbursed to SMEs through EBRD partner financial institutions were in local currency. This compares very favourably to the average in our markets, where local currency provision remains limited.

Loan maturities
For sustainable growth, SMEs need long-term and predictable financing but are often perceived as riskier clients. As such we actively encourage our partner financial institutions to extend SME finance at longer maturities. As of mid-2016, 63% of partner financial institution sub-loans to SMEs (by number) and 79% of sub-loans (by amount) have a maturity greater than 12 months, with almost half (44%) at above 36 months.

Geographic distribution
Businesses outside of main cities typically face greater challenges in accessing finance. As such, we try to stimulate lending in more underserved regions requiring significant proportions of SME credit lines to be disbursed outside of the capital cities. In fact, 89% of the sub-loans of our PFIs’ SME outstanding portfolio is with enterprises based outside of capital cities.

Women in business
Our Women in Business programmes have reached more than 25,000 women entrepreneurs to date. In our programme in Turkey, the first to launch, more than 12,000 women-led SMEs have received loans through our partner financial institutions and more than 800 women benefitted from business advice, training, mentoring and networking. The Western Balkans and Kazakhstan programmes have also quickly picked up speed, with more than 15,000 women benefitting to date.

Impact of advice
Of projects evaluated in 2014-16, 68% of our advisory clients increased their turnover in the year following their project. Fifty-one percent of these enterprises also expanded their number of employees, creating more 24,512 jobs across the three years. Our clients saw a strong increase in exports, worth €197 million in total. Furthermore, more than 900 enterprises obtained external finance, for a total of €1.1 billion.
Business environment
New legislation
Advocacy and know-how
Local consultancy markets
New legislation
We’ve seen a number of tangible outcomes as a result of our policy dialogue efforts. These include the submission of a new leasing law in Mongolia, Memoranda of Understanding on participating in the SME Local Currency Programme signed with Tunisia and Ukraine, and secondary legislation on small value public procurement, which was adopted in Tunisia and approved by the Mongolian Ministry of Finance for future adoption.




Advocacy and know-how
The EBRD plays an important advocacy role to promote SME development and raise the voice of small businesses. In 2016, we’ve used our knowledge and experience of the SME sector in the countries where we work to inform policy initiatives and strengthen institutions.




Local consultancy markets
We promote the development of local consultancy markets to help ensure a sustainable support system for SMEs. Our Grow Your Consulting Business suite of training courses strengthens the skills of local consultants in management consulting essentials, project management and business diagnostics as well as helping long-standing experts train to become effective consultants. In 2016 alone, we trained 750 consultants across 26 countries.



