According to the EBRD, the project consists of the provision of a senior loan of up to USD 12 million (EUR 11.25 million) in KZT equivalent, as determined at the time of disbursement, to Shinhan Bank Kazakhstan - a mid-sized Kazakhstan bank 100 per cent owned by Shinhan Bank Co. Ltd., South Korea (parent bank).
The loan will support lending to local micro, small and medium-sized enterprises (MSMEs) and will be provided in two equal tranches under the Financial Intermediaries Framework. The loan will be fully guaranteed by the Parent bank.
As stated on the company's website, "Shinhan Bank Kazakhstan" JSC is an intenational bank, engaged in all major types of banking operations, presented in the financial services market. The sole shareholder of the bank is one of the world's largest banks - Shinhan Bank, Seoul, Republic of Korea, which in turn is the part of the leading financial group of the Republic of Korea - Shinhan Financial Group.
|Private Actor 1
|Private Actor 1 Role
|Private Actor 1 Sector
|Private Actor 2
|Private Actor 2 Role
|Private Actor 2 Sector
|Shinhan Financial Group
|Shinhan Bank Co. Ltd.
Financial Intermediary - Shinan Bank Kazakhstan JSC:
ACCESS TO INFORMATION
You can request information by emailing: firstname.lastname@example.org 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: email@example.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