📋 Tender Overview
Project Number: 48717
Company Name: Home Credit Bank JSC
Date SPI Disclosed: Apr 23, 2024
Country: Kazakhstan
Region: Central Asia and Turkiye
Projected Board Date: May 31, 2024
Environmental Category: FI-3
Status: Pending Approval
Department: Regional Industry FIG MCT
Industry: Financial Institutions
Sector: Commercial Banking - Consumer Finance
Project Description
The proposed investment consists of a 3-year US$ 50 million senior secured loan, denominated in the local currency, Kazakh tenge (KZT), to JSC Home Credit Bank Kazakhstan (HCKZ or the Bank). All proceeds will be allocated towards the expansion and development of the Bank’s green retail loan portfolio (the Project).
Total Project Cost and amount and nature of IFC's Investment: The proposed senior financing is a US$50 million A loan for IFC’s own account, primarily intended to support the development of the Bank's green retail lending.
Financing Sources:
2) World Bank (WB)
1818 H Street, NW Washington,
DC 20433 USA
Tel : (202) 473-1000
https://www.worldbank.org/
