Shinhan Bank Kazakhstan WiB Loan



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

25 May 2016



PSD disclosed:

20 Apr 2016

Translated version of this PSD: Kazakh | Russian

Project Description

The EBRD is considering a 5 year senior loan to Shinhan Bank Kazakhstan in the amount of USD 5 million in KZT equivalent. The financing will be used for on-lending to eligible women-led micro, small and medium sized enterprises (MSMEs) in the country. 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 development of sustainable credit mechanisms targeted to women-led SMEs through technical assistance to Shinhan Bank; 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. It is also important to note that this will be the  project to target women-led SMEs in Kazakhstan that encompasses via an integrated approach both the credit-supply side (ie., credit, TC and First Loss Risk Cover ) and demand side (ASB’ advisory services to the targeted women SMEs).


The Client

Shinhan Bank Kazakhstan, a 100% subsidiary of Shinhan Bank Korea, one of the largest financial institutions in South Korea, and has total assets of USD 54.8 million and equity of USD 35.9 million as of YE2015. The bank’s strategy is to diversify (i) its loan portfolio via more active operations with MSMEs, including women-led MSMEs; and (ii) funding base via cooperation with IFIs.


EBRD Finance

A senior loan of USD 5 million in KZT equivalent


Project Cost

USD 5 million in KZT equivalent


Environmental Impact

Categorised FI.  Shinhan Bank, Kazakhstan will be required to comply with the EBRD’s Performance Requirements 2, 4 and 9, adopt and implement the EBRD’s E&S Risk Management Procedures for SME and Micro loans and 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 Shinhan Bank Kazakhstan; and USD 2.6 million for direct support to women-led enterprises via EBRD Small Business Support Team.

Company Contact

Mr Vitaly Kim

Managing Director

Phone : +7 727 385-96-03

Fax : +7 727 264-09-99

E-mail :


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

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).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.

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