Project description
and objectives:
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The project envisages a facility to Bank Caspian (“BC”) in the total amount of USD 60 million with maturity of up to 5 years to be used for financing of micro, small and medium enterprises (“MSMEs”) and entrepreneurs across Kazakhstan.
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Transition impact:
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The project will further support the development of the MSME sector in Kazakhstan and increase access to mid-term financing for MSMEs and entrepreneurs. The facility will be implemented through the extensive BC branch network and over 60% of the MSME sub-loans will be provided in the regions outside of Almaty and Astana.
The Client will benefit from diversification of funding and lengthening of funding maturity. The Project will overall enhance BC competitiveness and further strengthen its balance sheet.
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The client:
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BC is one of the top 10 Kazakh banks ranked 8th by assets and 9th by equity and has the third largest branch network in the country.
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EBRD finance:
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Total of USD 60 million senior loan.
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Total project cost:
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USD 60 million (EUR38.1 million)
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Environmental impact:
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BC will be required to apply EBRD’s Environmental Procedures for Local Banks to all commercial lending activities including sub-loans financed out of the proceeds of the loan and to submit annual environmental reports to the Bank.
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Technical
cooperation:
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None under this project.
BC is currently benefiting from a technical cooperation project to develop and implement micro-lending credit scoring technology, funded by Japan under the EBRD Kazakhstan Small Business III.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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TBC by the client.
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EBRD contact:
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Olga Donets, Operation Leader: donetso@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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