BTA LEASING (DEBT)

Location:

Kazakhstan

Project number:

17951

Business sector:

Leasing Finance

Notice type:

Private

Environmental category:

FI

Approval date:

18 Sep 2001

Status:

Complete

PSD disclosed:

15 Aug 2001

Project Description

A proposed term loan to BTA Leasing (BTAL), a subsidiary of Bank TuranAlem, to finance BTAL's portfolio of lease contracts with small and medium-sized enterprises (SMEs). By providing the first term funding to a Kazakh leasing company, the Bank will help open new financing mechanisms for SME clients.

Transition Impact

The Bank's loan represents BTAL's first access to funds other than from BTA. As such, the Bank will open the window for BTAL and other leasing companies to access term funding. The project also will help the BTA Group diversify its portfolio, and increase its SME operations. The funds will be available to a range of SME clients.

The Client

BTAL was established in August 2000 following adoption of the Law on Leasing in July 2000. BTAL is 100 per cent owned by Bank TuranAlem (BTA). BTA, the second largest private bank in Kazakhstan, will guarantee the Bank's exposure to BTAL. The EBRD has a long-term relationship with BTA, including participation in the Bank's trade finance and small business programmes.

EBRD Finance

US$ 5 million ( 5.7 million) term loan.

Project Cost

US$ 5 million ( 5.7 million) term loan.

Environmental Impact

BTA will adopt and implement EBRD's environmental requirements for leasing companies. BTA will be required, inter alia, to comply with the Environmental Exclusion List for Financial Intermediaries and report annually to the Bank on environmental matters.

Technical Cooperation

BTAL will benefit from TC to provide training in environmental due diligence, credit procedures and policies.

Company Contact

 
 

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

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Text of the PIP

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