FIF - CA WiB Programme - KICB (EBRD-51729)

Countries
  • Kyrgyzstan
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
Approved
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 22, 2021
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
Kyrgyz Investment Credit Bank (KICB)
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)
$ 2.00 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)
$ 2.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jun 26, 2021

Disclosed by Bank Jun 24, 2021


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Project Description

Under this project, EBRD is going to provide a senior loan of up to US$ 2 million to Kyrgyz Investment Credit Bank (KICB).  

PROJECT OBJECTIVES

The loan proceeds will be used for on-lending to women-led MSEs and help strengthen SME competitiveness.

 

 

Investment Description
Private Actors Description

KYRGYZ INVESTMENT AND CREDIT BANK CJSC

Kyrgyz Investment Credit Bank ("KICB") is one of the leading commercial banks in Kyrgyz Republic ranking 2nd in terms of assets, 4th in terms of loan portfolio and 2nd in terms of customer accounts. As of year end 2020, the bank's market share stood respectively at 12.2 per cent and 13.1 per cent in terms of banking assets and customer accounts, respectively, with balance sheet size of USD 429 million.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Kyrgyz Investment and Credit Bank (KICB) Client Finance

Contact Information

COMPANY CONTACT INFORMATION

Bektur Aliev, CEO+996 312 620 101www.kicb.net

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

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 at: 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