Project description
and objectives:
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The proposed project envisages providing to Bank Caspian (“BC”) a KZT 7.2
billion senior unsecured loan for on-lending to local micro, small and medium
enterprises (MSME loan). The project is designed to support Bank Caspian’s
MSME lending programme with longer tenors than currently available in the
market.
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Transition impact:
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The project transition impact includes the following key aspects:
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Provision of medium term local currency financing to match the underlying
currency and maturity of the MSME sub-loan portfolio.
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Increased financial intermediation in favour of micro, small and medium sized
enterprises which face difficulties in accessing long term finance,
particularly those in rural areas.
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Transfer of skills via introduction of Credit Scoring Methodology for MSME
lending.
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The client:
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Bank Caspian is a universal mid-size bank with main focus on servicing micro
and small enterprises, SMEs (collectively “MSMEs”) and individuals. The bank
operates the third largest branch network in Kazakhstan, which makes it well
equipped to serve MSMEs nationwide.
BC is the ninth largest bank in the country with total assets and equity of
USD 1.6 billion and USD 215 million respectively as of end 2006.
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EBRD finance:
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A five-year senior loan of KZT 7.2 billion (EUR 46 million equivalent).
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Total project cost:
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KZT 7.2 billion.
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Environmental impact:
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Bank Caspian will be required to comply with EBRD’s Environmental Procedures
for Small and Micro Loans, including ensuring compliance with the applicable
national environmental, health, safety and labor standards and regulations,
adherence with EBRD’s Environmental Exclusion and Referral Lists and
submission of annual environmental reports to the Bank.
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Technical
cooperation:
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USD 150,000 TC funded by Japan under the Credit Scoring programme aimed to
improve the efficiency of the bank’s MSE lending by introduction of Credit
Scoring methodology.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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Ms Assel Baratova
Head of Capital Markets, Financial Institutions
Tel: + 7 3272 795626
Fax: +7 3272 509596
Email: Abaratova@bc.kz
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EBRD contact:
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Tatyana Tyo, Operation Leader: tyot@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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