Bank CenterCredit WiB Loan II



Project number:


Business sector:

Financial institutions

Notice type:


Approval date:

20 Jun 2018



PSD disclosed:

17 May 2018

Translated version of this PSD: Russian

Project Description

A 3-year local currency senior loan to Bank CenterCredit JSC ("BCC") in the amount of up to US $ 5 million in KZT equivalent. The financing will be used for on-lending to eligible women-led private micro, small and medium sized enterprises (MSMEs) in Kazakhstan.

Project Objectives

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 Women in Business MSME sector in Kazakhstan, by facilitating access to finance and advice for women-led MSMEs. The loan will be complemented by the development of sustainable credit mechanisms targeted at women-led MSMEs through technical assistance to BCC; and technical support for women-led MSMEs in accessing know-how, business development tools 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. It will help BCC develop, test, and roll out tailored sustainable credit mechanisms targeted at women-led MSMEs through technical assistance and strengthen their capacities to effectively reach out to the target segment via marketing and outreach activities. The project will also improve access to term funding in local currency for women led MSMEs in the country. A special focus will be given to distribution of funds in the regions outside of Astana and Almaty, the administrative and financial capitals of Kazakhstan.

Client Information


JSC Bank CenterCredit ("BCC") is the 7th largest bank (out of 32) in Kazakhstan with total assets of US$ 4 bln and equity of US$ 388 mln and market shares of 5.3 per cent in total assets, 5.7 per cent in customer loans and 5.9 per cent in deposits as of the end of 2017. The bank offers a wide range of retail, corporate and MSME products via its distribution network of 19 branches and 101 outlets in 19 cities and rural settlements of Kazakhstan.

EBRD Finance Summary

USD 5,000,000.00

A senior loan of up to US$ 5 million in KZT equivalent.

Total Project Cost

USD 5,000,000.00

US$ 5 million in KZT equivalent.

Environmental and Social Summary

Categorised FI. BCC will be required to comply with PRs 2, 4 and 9 and adopt and implement the EBRD's E&S Risk Management Procedures for MSME loans and submit Annual Environmental and Social Reports to the EBRD.

Technical Cooperation

Since 2015, the Government of Kazakhstan has provided US$ 16.9 million under the Donor Contribution Agreement and the Supplementary Agreement with the EBRD to support implementation of the EBRD's Women in Business Programme in the country. Out of this amount US$ 2.5 million was provided for Technical Assistance to partner financial institutions (PFIs), US$ 6 million for Technical assistance in support of capacity building to women-led MSMEs, and US$ 8.4
million for credit enhancement in the form of a First Loss Risk Cover.

Company Contact Information

Madina Sultanova
+ 7 (727) 259 85 46
38 Al-Farabi Avenue, Almaty, 050059, Kazakhstan

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

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

Share this page: