Sberbank Kazakhstan MSME Loan

Location:

Kazakhstan

Project number:

42678

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Target board 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

 

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