Translated version of this PSD: Russian
A 3-year local currency senior loan to Bank CenterCredit JSC ("BCC") in the amount of up to US$ 40 million in KZT equivalent. The financing will be used for on-lending to eligible private micro, small and medium-sized enterprises (MSMEs) in Kazakhstan.
The Project aims to support local currency lending to the MSME sector in Kazakhstan by providing long-term financing to BCC, one of the largest lenders in the country. A special focus will be given to distribution of funds in the regions outside the cities of Astana and Almaty.
The project will foster prudent commercial risk-based lending to private MSMEs in Kazakhstan, support BCC's expansion in MSME financing and building healthy portfolio, as well as will improve access to long-term funding in local currency for local MSMEs. The project will also focus on regional outreach and attraction of new MSME clients.
BANK CENTERCREDIT JSC
JSC Bank CenterCredit ("BCC") is the 7th largest bank (out of 32) in Kazakhstan with total assets of US$ 4 bln and equity of US$ 388 mln and market shares of 5.3 per cent in total assets, 5.7 per cent in customer loans and 5.9 per cent in deposits as of the end of 2017. The bank offers a wide range of retail, corporate and MSME products via its distribution network of 19 branches and 101 outlets in 19 cities and rural settlements of Kazakhstan.
EBRD Finance Summary
A senior loan of up to US$ 40 million in KZT equivalent.
Total Project Cost
US$ 40 million in KZT equivalent.
Environmental and Social Summary
Categorised FI. BCC will be required to comply with PRs 2, 4 and 9 and adopt and implement the EBRD's E&S Risk Management Procedures for MSME loans and submit Annual Environmental and Social Reports to the EBRD.
Company Contact Information
+ 7 (727) 259 85 46
38 Al-Farabi Avenue, Almaty, 050059, Kazakhstan
For business opportunities or procurement, contact the client company.
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Tel: +44 20 7338 7168
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