📋 Tender Overview
Location: Kazakhstan
Project number: 55639
Business sector: Financial institutions
Notice type: Private
Environmental category: FI
EBRD Finance Summary: USD 20,000,000.00
Total Project Cost: USD 20,000,000.00
Project Description
The provision of a 3-year senior loan of up to US$ 20 million (€ 18.3 million) in KZT equivalent to Shinhan Bank Kazakhstan ("SBK") under the EBRD Green Economy Financing Facility Kazakhstan II ("GEFF II"). The financing will be used for on-lending to eligible private sector sub-borrowers in Kazakhstan for the Green Economy Transition ("GET") investments in a gender responsive way.
The loan will be fully guaranteed by SBK's parent, Shinhan Bank Co. Ltd., South Korea ("SHK").
Project Objectives
The Project will allow SBK to support local currency lending to eligible private sector sub-borrowers for investments in climate change mitigation and adaptation technologies, in a gender-responsive way. The Project will aim to i) scale up FI-intermediated gender-responsive green lending in Kazakhstan; and ii) further improve SBK' 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.
