FIF - Kazakhstan WiB II - Bank CenterCredit VII (EBRD-57105)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Kazakhstan
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Mar 11, 2026
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Bank CenterCredit JSC
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
  • Industry and Trade
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Other Related Projects
Primary Source

Original disclosure @ EBRD website

Updated in EWS May 27, 2026

Disclosed by Bank Feb 4, 2026

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated by the EBRD, the project consists of the provision of a senior secured loan of up to US$ 50 million in KZT equivalent to Bank CenterCredit JSC (BCC) (WiB loan) under the Kazakhstan Women in Business Programme II (KazWiB II). The financing will be used for on-lending to eligible women-led private micro, small and medium sized enterprises (MSMEs) in Kazakhstan. The WiB loan will be provided in two equal tranches, of which the second will be uncommitted

The project will foster private sector competitiveness and improve economic governance and skills in Kazakhstan, by providing finance and capacity building to BCC. The operation will also support women-led businesses through access to medium-term finance, via a dedicated credit line, as well as advisory services.

BCC will benefit from the KazWiB II TC package, which includes capacity building to:

(i) PFIs in the amount of up to USD 1 million (TCRS ID 9439, approved on 4 April 2023). It is expected that the TC will focus on further development of BCC's digital sales channels and marketing strategy, implementation of a gender action plan and improving internal efficiency related to the automatisation of processes.
(ii) women-led MSMEs in the amount of up to USD 1 million (at framework level) to enable delivery of various non-financial services, including advisory projects, training, mentoring and network-building activities for women entrepreneurs. The TC will be implemented by the Bank's SME Finance and Development (SME F&D).

Both components will be funded by the Ministry of National Economy of the Republic of Kazakhstan.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Financial Intermediary
A financial intermediary is a bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by the EBRD, BCC is the third largest bank (out of 23) in Kazakhstan with total assets of US$ 14.4 billion, equity of US$ 1.4 billion, and market shares of 11.7 per cent in total assets, 11.1 per cent in customer loans and 12.7 per cent in deposits as of 3Q2025. BCC's principal shareholders are Mr. Bakhytbek Baiseitov (with a stake of 53.1 per cent), a well-known local businessman, and Mr. Vladislav Lee (with a stake of 12.2 per cent), a former CEO of BCC and a member of the bank's Board of Directors at the moment. The bank is currently rated "BB/positive" by Standard & Poor's and "Baa3/ stable" by Moody's.


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Financial Intermediary - Bank CenterCredit JSC:

Zaure Salimbayeva
Email: fi@bcc.kz 
Phone: +7 (727) 259 85 46
Website: www.bcc.kz 
Address: 38 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

How it works

How it works