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41902-014: KAZ: GUARANTEE AND LOAN: JSC KAZKOMMERTSBANK
Project Data Sheet (PDS): Overview
Description
ADB's objectives in the proposed transaction are: 1. To develop Kazakhstan's banking and securitization market to (i) diversify funding options; (ii) procure access to longer term funds, specifically for medium-sized private sector banks; and (iii) attract a new set of investors; 2. To foster Tenge denominated corporate and SME financing; and 3. To establish a benchmark for AAA risk in the country and foster the development of the local bond market.... Read More
| Country |
Kazakhstan |
|---|---|
| Borrower/Equity Investment Name | KAZKOMMERTSBANK |
| Project Number | 41902-014 |
| Project Type or Modality of Assistance |
Private Sector Loan and Equity |
| Financing | Private sector (Nonsovereign) |
| Status | Approved |
| Approval Numbers |
7249 |
| Approval Date | 22 Mar 2007 |
| Geographical Location | Kazakhstan |
| Sector / Subsector Classification |
Finance / Banking Systems |
| Thematic Classification | Economic growth Private sector development |
| Safeguard Categories |
Environment: FI Resettlement: C Indigenous People: C |
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.
The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
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.
Responsible ADB Officer
Stefan Hruschka
Email contact form
Responsible ADB Department
Private Sector Operations Department
Responsible ADB Divisions
Capital Markets and Financial Sectors Division
PDS Creation Date
21 Feb 2007
Last PDS Update
21 Feb 2007