Geff Kazakhstan Bank Tender

Location:
Kazakhstan

Project number:
56119

Business sector:
Financial institutions

Notice type:
Private

Environmental category:
BE

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$ 30 million in KZT equivalent to Bank CenterCredit JSC ("BCC") under the EBRD Green Economy Financing Facility Kazakhstan II . The financing will be used for on-lending to eligible private sub-borrowers in Kazakhstan for the Green Economy Transition ("GET") investments. The GEFF loan will be granted in two tranches, Tranche A of up to US$ 20 million and an uncommitted Tranche B of up to US$ 10 million.

Project Objectives
The project will allow BCC to support local currency lending to eligible private sub-borrowers for investments in climate change mitigation and adaptation technologies. The project aims to scale up FI-intermediated green lending in Kazakhstan; and further improve BCC' skills in identifying and assessing a wide range of green investment opportunities.

Transition Impact
ETI score: 70

The Project will contribute to the objectives of the GEFF II, supporting its Green TI quality with 100 per cent of use of proceeds allocated to GET activities.