Shinhan Bank Kazakhstan MSME Loan



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

25 May 2016



PSD disclosed:

20 Apr 2016

Translated version of this PSD: Russian

Project Description

The EBRD is considering a 5 year senior loan to Shinhan Bank Kazakhstan in the amount of USD 15 million in KZT equivalent. 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 much needed long-term local currency funding for MSMEs in the country.

The project will also effectively support SBK entering new to it market segment of MSME lending in Kazakhstan, and facilitate diversification of SBK’s portfolio.

The Client

Shinhan Bank Kazakhstan (“SBK”), a 100% subsidiary of Shinhan Bank Korea, has total assets of USD 54.8 million and equity of USD 35.9 million as of YE2015. The EBRD loan will support SBK’s strategy to expand MSME operations and will diversify the bank’s loan portfolio and funding base.

EBRD Finance

A senior loan of USD 15 million in KZT equivalent.

Project Cost

A senior loan of USD 15 million in KZT equivalent.

Environmental Impact

Categorised FI.  Shinhan Bank Kazakhstan will be required to comply with the EBRD’s Performance Requirements 2, 4 and 9, adopt and implement the EBRD’s E&S Risk Management Procedures for SME and Micro loans and submit Annual Environmental and Social Reports to the Bank. 

Technical Cooperation


Company Contact

Mr Vitaly Kim

Managing Director

Phone : +7 727 385-96-03

Fax : +7 727 264-09-99

E-mail :



Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168

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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