Kazakhstan MSME Framework Facility

Location:

Kazakhstan

Project number:

45566

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Target board date:

10 Dec 2014

Status:

Board Approved

PSD disclosed:

10 Nov 2014

Sub-projects signed under this framework

Translated version of thie PSD: Russian

Project Description

The EBRD is considering a 5 year senior loan to Bank CenterCredit in the amount of KZT 9.3 billion  (ca. USD 50 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 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.   

The Client

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. 

EBRD Finance

A senior loan of KZT 9.3 billion.

Project Cost

KZT 9.3 billion.

Environmental Impact

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.

Technical Cooperation

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.

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

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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.