FIF - Bank CenterCredit WiB III Loan (EBRD-50868)

Countries
  • Kazakhstan
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 19, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Bank CenterCredit
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 10.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 10.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jun 14, 2019

Disclosed by Bank May 15, 2019


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Project Description

According to the Bank's website, this project will provide financing to Bank CenterCredit to be used for investment in women-led, private micro, small and medium enterprises in Kazakhstan.

Investment Description
  • European Bank for Reconstruction and Development (EBRD)

A 3-year loan in the amount of up to USD 10 million in Kazakhstan equivalent 

Private Actors

JSC Bank CenterCredit (BCC) is the 6th largest bank (out of 28) in Kazakhstan with total assets of USD 4 billion and equity of USD 279 million and market shares of 6.0 per cent in total assets, 7.9 per cent in customer loans and 6.2 per cent in deposits as of the end of 2018. The bank offers retail, corporate and micro, small and medium-sized enterprise products via its distribution network of 18 branches and 103 outlets in 18 cities and rural settlements of Kazakhstan.

Contact Information

Madina Sultanova
madina.sultanova@centercredit.kz
+7 (727) 259 85 46
www.bcc.kz
38 Al-Farabi Avenue, Almaty, 050059, Kazakhstan

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.