GEFF Kazakhstan - Bank CenterCredit (EBRD-52127)

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
U
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
May 13, 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
BANK CENTERCREDIT JSC
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)
$ 20.00 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)
$ 20.00 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 Apr 16, 2021

Disclosed by Bank Apr 7, 2021


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Project Description

Under this project EBRD is going to provide  a 3-year local currency senior loan of up to US$ 20 million in KZT equivalent to Bank CenterCredit JSC ("BCC") under the Green Economy Financing Facility ("GEFF") Kazakhstan.

PROJECT OBJECTIVES

The loan is provided with a purpose of to support local currency lending to eligible private micro, small and medium-sized enterprises ("MSMEs") for investments in climate change mitigation and adaptation technologies.

 

Investment Description
Private Actors Description

BCC is the 5th largest bank (out of 26) in Kazakhstan with total assets of US$ 4.4 billion, equity of US$ 313 million and market shares of 5.9% in total assets, 7.1 per cent in customer loans and 5.5 per cent in deposits as of  late 2020. The bank offers a wide range of retail, corporate and MSME products via its distribution network of 19 branches and 117 outlets in 18 cities and rural settlements of Kazakhstan.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - BANK CENTERCREDIT JSC Client Finance

Contact Information

COMPANY CONTACT INFORMATION

Zaure Salimbayevafi@bcc.kz+7 (727) 259 85 46www.bcc.kz38 Al-Farabi Avenue, Almaty, 050059, Kazakhstan

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