📋 Tender Overview
Location:
Kazakhstan
Project number:
56120
Business sector:
Financial institutions
Notice type:
Private
Environmental category:
FI
Approval date:
09 Apr 2025
Status:
Exploratory
English-language PSD published:
05 Mar 2025
Project Description
The provision of a senior secured loan of up to US$ 10 million in KZT equivalent to Bank CenterCredit JSC (BCC) under the Kazakhstan Women in Business Programme II . The financing will be used for on-lending to eligible women-led private micro, small and medium sized enterprises (MSMEs) in Kazakhstan.
Project Objectives
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.
Transition Impact
ETI score: 70
The project will contribute to the objectives of the FIF and the KazWiB II, supporting its Inclusive (Primary) and Competitive (Secondary) transition qualities. The overall objective of the KazWiB II is to promote and support women's entrepreneurship and help address the access to finance gaps that women face. A special focus will be given to the distribution of funds in regions outside the capitals, Astana and Almaty.
Client Information
BANK CENTERCREDIT JSC
BCC is the third largest bank (out of 21) in Kazakhstan with total assets of US$ 12.6 billion, equity of US$ 1.2 billion and market shares of 10.5 per cent in total assets, 11.2 per cent in customer loans and 11.7 per cent in deposits as of end-September 2024. The bank offers a wide range of retail, corporate and MSME products through more than 150 offices in 25 cities and rural settlements of Kazakhstan. The bank is currently rated "BB/stable" by Standard & Poor's and "Ba1/ positive" by Moody's.
EBRD Finance Summary
USD 10,000,000.00
A senior loan of up to USD 10 million in KZT equivalent.
Total Project Cost
USD 10,000,000.00
USD 10 million in KZT equivalent.
Additionality
Financing structure:
(i) the EBRD offers local currency financing on terms not readily available in the market.
(ii) the EBRD offers a tenor, which is longer than available to the client in the market on reasonable terms and conditions.
Knowledge, innovation and capacity building:
BCC will benefit from the KazWiB II TC, which will be critical to transfer skills and unique know-how not otherwise readily available to PFIs in the local market.
Environmental and Social Summary
Categorised FI (ESP 2024). BCC, an existing client, has demonstrated good environmental and social (E&S) performance under its current exposure. The proposed loan will be provided under the KazWiB II for financing eligible women-led MSMEs, which are considered low risk from an E&S perspective. BCC has an E&S management system, which includes climate risk assessment and mitigatio
