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
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
