Project Data Sheet

Project Data Sheets (PDS) contain summary information on the project or program: Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

PDS Creation Date 20 Mar 2006
PDS Updated as of 27 Mar 2013

Project Name KAZ: BANK TURANALEM
Country Kazakhstan
Project/Program Number 40908-014
Status Approved
Geographical Location Almaty
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
Sector and/or Subsector Classification Finance
/ Banking Systems
Thematic Classification Economic growth
Private sector development
Gender Mainstreaming Categories

Project Sponsors

Alliance Bank
Bank TuranAlem

Financing

Type/Modality of Assistance Approval Number Source of Funding Approved Amount (thousand)
PS7236/2236Private Sector Loan75,000
TOTAL US$ 75,000

Summary of Environmental and Social Issues

Environmental Aspects
Involuntary Resettlement
Indigenous Peoples

Stakeholder Communication, Participation and Consultation

During Project Design
During Project Implementation

Description

The ADB provided a senior loan of up to $75 million, to be denominated in US$ to Bank TuranAlem JSC (BTA).1

Objectives and Scope

ADB's objective in the proposed transaction is to assist Bank TuranAlem in growing its SME and retail loan portfolios by providing part of the needed debt funding and in turn assist the Government of Kazakhstan in its efforts to steer the Kazakh economy towards a more sustainable SME-led growth and to diversify from the dominance and dependence on natural resources industries.

Project Rationale and Linkage to Country/Regional Strategy

Outputs and Implementation Progress

Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)
Status of Development Objectives
Development objectives partially met.
Material Changes
Loan in BTA was restructured into debt and equity instruments which have been fully liquidated and sold.

Business Opportunities

Date of First Listing
Consulting Services
Procurement
Procurement and Consulting Notices
http://www.adb.org/projects/40908-014/business-opportunities

Timetable

Concept Clearance 25 Jan 2006
Fact-finding
Management Review Meeting 11 May 2006
Approval 15 Jun 2006
Last Review Mission 27 Feb 2006 to 08 Mar 2006

Milestones

Approval No. Approval Signing Effectivity Closing
Original Revised Actual

Contacts and Update Details

Responsible ADB Officer William Willms ( @adb.org)
Responsible ADB Department Private Sector Operations Department
Responsible ADB Divisions Capital Markets and Financial Sectors Division
Executing Agencies

Links

Project Website http://www.adb.org/projects/40908-014/main
List of Project Documents http://www.adb.org/projects/40908-014/documents