Kazakhstan MSME FF BCC Loan

Location:

Kazakhstan

Project number:

45632

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Target board date:

10 Dec 2014

Status:

Repaying

PSD disclosed:

19 Nov 2014

Translated version of this PSD: Russian

Project Description

The EBRD is considering a 5 year senior loan to Bank CenterCredit in the amount of KZT 10 billion (ca. US$ 55 million). The financing will be used for on-lending to eligible private micro, small and medium sized enterprises (MSMEs) in Kazakhstan.

Transition Impact

The proposed project will improve an 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, administrative and financial capitals of Kazakhstan.

The Client

Bank CenterCredit is a midsized bank with total assets of US$ 6.4 billion and capital of US$ 485 million as of 1 October 2014. The bank operates a well-developed network of branches and has a good capacity to serve MSMEs across the country, including in the remote regions.

EBRD Finance

A senior loan of KZT 10 billion.

Project Cost

KZT10 billion.

Environmental Impact

“Categorised FI. The project is not associated with significant environmental and social issues. Each Participating FIs is required to comply with PR2 and PR9 as well as submit an Annual Environmental and Social Procedures”.

Technical Cooperation

The project will be accompanied by a TC Programme to assist Bank CenterCredit with further strengthening and improvement of its institutional capacities in the MSME area.

Company Contact

Mr Timur Gabasov
Director of Treasury Department
Tel: +7 (727) 2 598-549
Fax: +7 (727) 2 598-622
E-mail: timur.gabasov@bcc.kz

 

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

Project Complaint Mechanism (PCM)

The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.

Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (pcm@ebrd.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.