Project description
and objectives:
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The proposed project is designed to provide capital to support KIB’s growth
strategy, including the bank’s regional expansion plans and the development of
its retail and SME lending operations.
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Transition impact:
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The project will provide KazInvestBank with capital and financial resources
needed for implementation of the bank’s medium-term strategy with a particular
focus on regional expansion and lending to private sector SMEs and retail
clients. Participation of EBRD in the bank’s capital is expected to further
strengthen its corporate governance, organisational structure, policies and
procedures. In addition it should enhance the bank’s profile in terms of
attracting local and international commercial funding.
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The client:
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KazInvestBank (“KIB”) is a mid-size bank in Kazakhstan with total assets of
USD 198.9 million and total Tier 1&2 capital of USD 45.6 million as of 31
December 2006.
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EBRD finance:
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An equity investment by subscribing to newly-issued ordinary shares of KIB
constituting up to 20% of the bank’s total capital and voting rights.
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Total project cost:
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tbc
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Environmental impact:
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KazInvestBank will be required to adopt the EBRD’s Environmental Procedures
for Intermediated Financing through Local Banks and to apply these procedures
to the whole range of its commercial lending operations. This includes
adherence to the FI Environmental Exclusion and Referral List, compliance with
the applicable national environmental, health and safety and labour
legislation, appointment of a member of senior management with overall
responsibility for the implementation of environmental procedures, and
submission of annual environmental reports to EBRD.
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Technical
cooperation:
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None.
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 Kenchenbayeva, Head of FI
Tel: +7 327 2619079
Fax: +7 327 2598658
E-mail: akenchenbayeva@kib.kz
Website: www.kib.kz
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EBRD contact:
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Marie-Alexandra Veilleux, Operation Leader: veilleum@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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