📋 Tender Overview
Location: Kazakhstan
Project number: 55478
Business sector: Financial institutions
Notice type: Private
Environmental category: FI
EBRD Finance Summary: USD 30,000,000.00
Total Project Cost: USD 30,000,000.00
Project Description
The provision of a 3-year senior loan in the amount of up to US$ 30 million in KZT equivalent to Bank CenterCredit JSC ("BCC") under the EBRD Green Economy Financing Facility Kazakhstan II ("GEFF II", OpId 53502) (the "Project"). The financing will be used for on-lending to eligible private sector sub-borrowers in Kazakhstan for the Green Economy Transition (GET) investments.
Project Objectives
The Project will allow BCC to support local currency lending to eligible private sector sub-borrowers for investments in climate change mitigation and adaptation technologies. The aim of the Project is to i) scale up FI-intermediated green lending; and ii) further improve BCC' skills in identifying and assessing a wide range of green investment opportunities.
Transition Impact
ETI score: 70
The Project contributes to the objectives of the GEFF II, supporting the Green Transition Impact quality with 100 per cent use of proceeds allocated to GET activities. The Project will support BCC's lending to private sector sub-borrowers in Kazakhstan for investments in sub-projects supporting GET.
