ATF AGRICULTURAL EQUIPMENT FINANCING

Location:

Kazakhstan

Project number:

27448

Business sector:

Agribusiness

Notice type:

Private

Environmental category:

FI

Approval date:

19 Oct 2004

Status:

Completed

PSD disclosed:

15 Sep 2004

Project Description

The proposed project will aim at facilitating and increasing financing available to private farms, agribusiness companies and traders for purchasing/leasing key agricultural equipment, mainly Russian-made grain combine-harvesters and tractors but also Western made machinery, especially seeding implements.

Transition Impact

Transition impact is expected to derive from the strengthening of  linkages with agricultural equipment manufacturers and increase of interregional trade, as the majority of the equipment expected to be financed will be Russian-made. A direct positive impact on the availability and quality of grain is expected by usage of better and newer machinery. Better grain quality will enhance competitiveness of exports from Kazakhstan and allow the country to build further on its competitive advantages.

The Client

Privately owned agribusiness companies operating in Kazakhstan. The financing will be channelled ATF Bank, the fourth largest bank in Kazakhstan. The bank will leverage on the already established grain producing and trading clients and offer better access to finance and a wider range of banking services.

EBRD Finance

US$ 10 million to ATF Bank.

Project Cost

US$ 10 million.

Environmental Impact

The Bank will require ATF Bank to adhere to the Bank’s Environmental Procedures for Leasing and to the Environmental Exclusion and Referral List and this condition is one of the criteria for granting financing to the sub-borrowers. In addition, ATF Bank will require the sub-borrowers to comply with national standards for environment, health and safety and confirm to the Bank on an annual basis that these requirements have been met.

Technical Cooperation

None.

Company Contact

Mikhail Sheen
ATF Bank
100 Furmanov St.,
480091  Almaty
Kazakhstan
Tel. +7 (3272) 58 30 72
 

Business opportunities

For business opportunities or procurement, contact the client company.

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