Kyrgyz Investment and Credit Bank (KICB) (debt & equity)

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 4277

Status Complete

Location

Kyrgyz Republic

Business Sector

Financial Institutions

Notice Type

Private

Project timeline

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

Project ID 4277

Status Complete

Location

Kyrgyz Republic

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

13 Jul 2000

Disclosure date

12 Jun 2000

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

Transition Impact

The project supports an increase in the private sector financing available through the banking system and facilitates new investments. The introduction of term lending and other corporate services demonstrates to the existing local banks the potential in this area.

The presence of the EBRD and other institutional shareholders encourages other bank investors into the market.

The development of skills in the local management team creates a core pool of expertise in the banking system, which helps in time to improve the level of skills in other banks.

The Client

KICB is the fifth largest private bank in the Kyrgyz Republic by total assets, with 6.5% of total banking sector assets and 9.6% of net loans.

EBRD Finance

The initial investment of USD 1.4 million was disbursed in June 2001. The proposed capital increase is expected to occur in December 2006.

Project Cost

USD 1.7 million (including capital increase)

Environmental Impact

KICB is already implementing environmental procedures satisfactory to the EBRD. KICB does not finance activities listed on the EBRD’s environmental exclusion list and submits environmental report to the EBRD annually.

In relation to the capital increase, KICB will be required to continue to implement the procedures across all its operations, to report annually on environment, health and safety matters to the EBRD.

Technical Cooperation

USD 3.0 million, allocated from Japan, funded the start-up costs of KICB and the costs of expatriate management and banking experts for the first three years.

Company Contact

Bektur Aliev, KICB Chief Operations Officer, email: bektura@kicb.net

Transition impact

ETI Score:60

PSD last updated

11 Jul 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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