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
Type or Modality of Assistance PS
Financing Private sector (Nonsovereign)
Status Approved
Approval Number 7255
Approval Date 27 Jun 2007
Geographical Location Kazakhstan
Sector Finance
Subsector Banking Systems
Safeguard Categories Environment: FI
Resettlement: C
Indigenous People: C

 

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