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41912-014: KAZ: SENIOR LOAN TO BANK CENTERCREDIT
Project Data Sheet (PDS): Overview
Description
ADB has two main objectives for the proposed financing. The first is to foster BCC s SME financing and thus help the Government to move the economy to more influence of corporate and SME growth in the overall economy, away from the high dependence on natural resource industries. The second objective is to issue its first domestic bond in Kazakhstan and thereby 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 | BANK CENTERCREDIT |
| Project Number | 41912-014 |
| Project Type or Modality of Assistance |
Private Sector Loan and Equity |
| Financing | Private sector (Nonsovereign) |
| Status | Approved |
| Approval Number |
7255 |
| Approval Date | 27 Jun 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 |
Results Delivered
| Small and medium-sized enterprise loan accounts opened or end borrowers reached (number) | 143 |
The results data reported above are limited to ADB's core sectors, as defined under Strategy 2020 and tracked through indicators in the ADB Results Framework. For definitions of results indicators, please see the ADB Results Framework Indicators Definition.
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
Johanna L. Klein
Email contact form
Responsible ADB Department
Private Sector Operations Department
Responsible ADB Divisions
Capital Markets and Financial Sectors Division
PDS Creation Date
28 May 2007
Last PDS Update
07 Jun 2007