Sberbank Kazakhstan MSME Loan

Location:

Kazakhstan

Project number:

42678

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Approval date:

23 Jul 2013

Status:

Complete

PSD disclosed:

21 Jun 2013

Translated version of this PSD: Russian

Project Description

The project envisages a senior loan to Sberbank Kazakhstan in the total amount of up to KZT15 billion (USD 100 million equivalent) with maturity of 5 years to be used for on-lending to micro, small and medium sized enterprises (MSME) across Kazakhstan.

Transition Impact

The proposed loan will support and improve local MSMEs’ access to long term funding in local currency in light of growing demand for MSME lending in the country. A special focus will be given to the distribution of funds through SBK branches outside of Almaty and Astana, the financial and the administrative capitals of Kazakhstan

The Client

Sberbank Kazakhstan is the fifth largest bank in the country with total assets of USD 5.6 billion and capital of USD 619 million as of 1 May 2013. The bank operates a wide network of branches in Kazakhstan, and has a good potential to serve MSMEs nationwide, including in remote regions.

EBRD Finance

A senior loan of KZT 15 billion.

Project Cost

KZT 15 billion.

Environmental Impact

Categorised FI: SBK will be required to comply with PRs 2 and 9, implement the Bank’s Environmental and Social Procedures for Small and Micro Loans and submit Annual Environmental and Social reports to the Bank.

Technical Cooperation

None.

Company Contact

Ms Valentina Nagay
Director of International Relations and Trade Finance Department
Phone: +7-727-2509280 (ext 1233)
Fax: +7-727- 2500063

 

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

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.

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