Translated version of this PSD: Russian
The EBRD is providing a 5 year senior loan to Bank CenterCredit in the amount of KZT 13.5 billion. The financing will be used for on-lending to eligible private micro, small and medium sized enterprises (MSMEs) in Kazakhstan.
The proposed project will improve the access to long-term funding in local currency for 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.
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.
A senior loan of KZT 13.5 billion.
KZT 13.5 billion.
Categorised FI. The project is not associated with significant environmental and social issues. Each participating FI is required to comply with PR2 and PR9 as well as submit Annual Environmental and Social Procedures.
The Project is expected to be supported by TC programmes to assist PFIs with strengthening their internal capacities for expansion of their MSME lending operations including in the areas of underwriting, risk management and monitoring functions, business processes, MIS and staff training.
Mr Timur Gabasov
Director of Treasury Department
Tel: +7 (727) 2 598-549
Fax: +7 (727) 2 598-622
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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