Bank CenterCredit Women in Business (WIB) Loan



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

08 Jul 2015



PSD disclosed:

08 Jun 2015

Translated version of this PSD: Russian

Project description and objectives

The EBRD is considering a 5 year senior loan to Bank CenterCredit in the amount of KZT 3.72 billion  (ca. USD 20 million). The financing will be used for on-lending to eligible women-led micro, small and medium sized enterprises (MSMEs) in Kazakhstan. The aim of the loan is to promote women's entrepreneurship and access to finance, and more broadly women's participation in business, through the development of a strong WiB SME sector in Kazakhstan, by facilitating access to finance and advice for women-led SMEs. The loan will be complemented by the development of sustainable credit mechanisms targeted at women-led SMEs through technical assistance to CenterCredit; and technical support for women-led SMEs in accessing know-how, non-financial business development services and networking opportunities.

Transition impact

The project has important transition impact potential, specifically in relation to addressing the gender related inclusion gap for access to finance in Kazakhstan. The project will improve access to long-term funding in local currency for women-led MSMEs in the country. A special focus will be given to the distribution of funds in the regions outside Astana and Almaty, the administrative and financial capitals of Kazakhstan. It is also important to note that this would be the first project targeting women-led SMEs in Kazakhstan that encompasses both the credit-supply side (ie., credit, TC and First Loss Risk Cover [FLRC]) and the demand side (SBS’ advisory services to the targeted women SMEs) in an integrated approach.

The client

Bank CenterCredit is a midsized bank with total assets of USD 6.1 billion and capital of USD 493 million as of 1 March 2015. The bank operates a well-developed network of branches and has good capacity to serve MSMEs across the country, including in remote regions of the country.

EBRD finance

A senior loan of KZT 3.72 billion.

Total project cost

KZT 3.72 billion.

Environmental and social categorisation, impact, and mitigation

Categorised FI. The project is not associated with significant environmental and social issues. BankCenter Credit (BCC) is required to comply with EBRD’s PRs 2 and 9 as well as implementing the EBRD’s Environmental and Social Procedures for Small and Micro Loans which includes compliance with the EBRD E&S Exclusion List; ensuring compliance of the sub-borrowers with national standards and regulations for environment, health and safety, social and labour.  BCC will also submit Annual Environmental and Social Reports to the Bank.

Technical cooperation

The Government of Kazakhstan has granted USD 4.1 million for Technical Assistance to the EBRD Women in Business operations in Kazakhstan. This includes USD 1.5 million of TC for capacity building of participating financial institutions, including Bank CenterCredit and USD 2.6 million for direct support to women-led enterprises via EBRD Small Business Support Team. 

Company contact

Mr Timur Gabasov
Director of Treasury Department
Tel: +7 (727) 2 598-549
Fax: +7 (727) 2 598-622

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168

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Text of the PIP

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