The provision of a senior loan of up to US$ 3.0 million equivalent in local currency to Closed Joint-Stock Company Demir Kyrgyz International Bank (DKIB) based in the Kyrgyz Republic.
The project will continuously support a well performing and a long-standing partner of the Bank in Kyrgyz Republic with particular focus on MSME lending.
ETI score: 60
The project will contribute to the competitive and resilient Transition Impact qualities. The project will support Demir Kyrgyz International Bank's lending to private MSMEs in Kyrgyzstan by a multiple of the EBRD's funding with the focus on regional outreach and attraction of new MSME clients, while maintaining sound underwriting standards.
DEMIR KYRGYZ INTERNATIONAL BANK
DKIB is one of top banks in the market with strong niche in corporate lending and retail accounts in particular. DKIB is a longstanding client of the EBRD, which during the period from 1997 until late 2018 was bank's shareholder.
EBRD Finance Summary
Senior loan in local currency equivalent
Total Project Cost
Additionality will be achieved through a combination of: (i) much-needed medium-term financing in local currency; and (ii) risk mitigation.
Environmental and Social Summary
Categorised FI (ESP 2014): DKIB will be required to continue to comply with PRs 2, 4 & 9 and will be required to submit annual environmental and social reports to the Bank. Sub-borrowers financed through the facility will be required to comply with national requirements for environment, health and safety and labour standards and the EBRD's eligibility criteria.
Technical Cooperation and Grant Financing
Company Contact Information
+996 312 610 610
245 Chui Avenue, Bishkek, Kyrgyz Republic
PSD last updated
04 May 2022
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Environmental and Social Policy (ESP)
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More information on the EBRD’s practices in this regard is set out in the ESP.
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Independent Project Accountability Mechanism (IPAM)
If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).
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