MORTGAGE LOAN: BTA IPOTEKA

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 28270

Status Complete

Location

Kazakhstan

Business Sector

Notice Type

Private

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Project ID 28270

Status Complete

Location

Kazakhstan

Business Sector

Notice Type

Private

Environmental Category

Approval Date

05 Nov 2002

Disclosure date

16 Sep 2002

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Project Description

A proposed loan to BTA Ipoteka, a 100% owned subsidiary of Bank TuranAlem (BTA).

EBRD's loan would help BTAI better manage its balance sheet (matching tenor of funding with assets) and reduce funding costs, which would increase the amount of retail mortgage lending it can make available.

Transition Impact

EBRD's proposed loan would be the first case of a mortgage lender utilising its mortgage receivables to help securitise international obligations. The loan would help advance development mortgage securitisation in Kazakhstan more generally.

The Client

BTA Ipoteka (BTAI), established in late 2000, is a subsidiary of Bank TuranAlem specialising in mortgage finance. As of mid-year 2002, BTAI is one of the most active retail mortgage lenders in Kazakhstan.

EBRD Finance

Up to 7-year, USD 5 million loan (EUR 5.05 million), provided in two tranches of USD 2.5 million each.

Project Cost

USD 5 million loan (EUR 5.05 million).

Environmental Impact

The environmental impact from the project will be low as the borrower is committed to comply with the financing restrictions stated on EBRD’s Environmental Exclusion List for Financial Institutions as well as with EBRD’s Environmental procedures for Intermediate Financing through Local Banks.

Technical Cooperation

None.

Company Contact

Transition impact

ETI Score:60

PSD last updated

01 Feb 2019

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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