Shinhan Bank Kazakhstan MSME Loan

Location:

Kazakhstan

Project number:

47953

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Target board date:

25 May 2016

Status:

Disbursing

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

None.

Company Contact

Mr Vitaly Kim

Managing Director

Phone : +7 727 385-96-03

Fax : +7 727 264-09-99

E-mail : vitaly.kim@shinhan.com

 

 

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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