RG Brands Loan Facility



Project number:


Business sector:


Notice type:


Environmental category:


Approval date:

24 Jun 2015



PSD disclosed:

22 May 2015

Translated version of this PSD: Russian

Project Description

The EBRD is considering a long-term loan facility of up to USD 49.2 million in Kazakhstan Tenge (KZT) equivalent to RG Brands LLP (the “Company” or “RG Brands”), one of the leading branded food and beverage producers in Kazakhstan, based in Almaty. The loan facility will finance the Company’s working capital needs, capital investments as well as refinancing of existing debt.

Transition Impact

The Project will enhance the impact of the existing working capital loan provided to the Company in 2013 and facilitate market expansion through backward linkages to local dairy farmers and fruit concentrate suppliers. In addition, the Project will be setting standards for business conduct via introducing improvements to the production process that would reduce amount of packaging materials used and thus indirectly reduce CO2 emission.      

The Client

RG Brands JSC is one of the leading food and beverage producers in Kazakhstan with a wide and diversified product portfolio of juice and nectars, water, carbonated drinks, iced tea, UHT milk, packaged tea and snacks.

EBRD Finance

Up to USD 49.2 million loan in KZT equivalent.

Project Cost

USD 49.2 million in KZT equivalent

Environmental and social categorisation, impact, and mitigation

Categorised B. Through earlier projects with the Company, the Bank has identified the key E&S issues associated with the operations of RG Brands and has agreed an Environmental and Social Action Plan (ESAP) to address those.  The Bank’s previous environmental and social due diligence (ESDD) was carried out by ESD and demonstrated that the Company operates in line with local Kazakh environmental, labour and health and safety regulations.  Further strengthening of the Company’s organisational structure to fully understand and meet EBRD Performance Requirements and dedication of appropriate financial resources for environmental and social issues was necessary. Delays in the implementation of previous requirements and non-compliances identified during monitoring visits was evidence of this lack of robust management of E&S issues. Reporting to date has demonstrated that the Company is now dedicating more resource and effort into E&S issues and that operations are being conducted in accordance with the agreed ESAP.  This new Project with the Company will not result in additional environmental and social impacts beyond those already reviewed and understood by the Bank.  No further ESDD was required for the new project. The Company will be required to continue to provide reporting to EBRD on the implementation of the revised ESAP and on any other environmental and social issues affecting the Company during the reporting period.

Technical Cooperation


Company Contact

RG Brands
Agybayev Askhat CFO
Ungarbayev Alibek Financial Director
Raiymbek Avenue, 212b
Almaty 050034

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

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