GEFF Kazakhstan II - Bank CenterCredit - Loan IV

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Overview

The provision of a senior secured loan of up to US$ 30 million in KZT equivalent to Bank CenterCredit JSC ("BCC") under the EBRD Green Economy Financing Facility Kazakhstan II . The financing will be used for on-lending to eligible private sub-borrowers in Kazakhstan for the Green Economy Transition ("GET") investments. The GEFF loan will be granted in two tranches, Tranche A of up to US$ 20 million and an uncommitted Tranche B of up to US$ 10 million.

Project ID 56119

Status Approved

Location

Kazakhstan

Business Sector

Financial Institutions

Notice Type

Private

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Company Contact Information

Zaure Salimbayeva
fi@bcc.kz
+7 (727) 259 85 46
www.bcc.kz
38 Al-Farabi Avenue, Almaty, 050059, Kazakhstan

Project ID 56119

Status Approved

Location

Kazakhstan

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

09 Apr 2025

Disclosure date

05 Mar 2025

Project Description

Project Objectives

The project will allow BCC to support local currency lending to eligible private sub-borrowers for investments in climate change mitigation and adaptation technologies. The project aims to scale up FI-intermediated green lending in Kazakhstan; and further improve BCC' skills in identifying and assessing a wide range of green investment opportunities.

Transition Impact

ETI score:70

Project will contribute to the objectives of the GEFF II, supporting its Green TI quality with 100 per cent of use of proceeds allocated to GET activities.

Client Information

BANK CENTERCREDIT JSC

BCC is the third largest bank (out of 21) in Kazakhstan with total assets of US$ 12.6 billion, equity of US$ 1.2 billion and market shares of 10.5 per cent in total assets, 11.2 per cent in customer loans and 11.7 per cent in deposits as of end-September 2024. The bank offers a wide range of retail, corporate and MSME products through more than 150 offices in 25 cities and rural settlements of Kazakhstan. The bank is currently rated "BB/stable" by Standard & Poor's and "Ba1/ positive" by Moody's.

EBRD Finance Summary

USD 30,000,000.00

A senior loan of up to US$ 30 million in KZT equivalent.

Total Project Cost

USD 30,000,000.00

US$ 30 million in KZT equivalent.

Additionality

Combination of investments with technical assistance, including innovative financing structure and instruments, as well as standards setting by helping clients achieve higher standards to support transition to a low-carbon and climate-resilient economy.

Gender additionality will be achieved by reflecting gender considerations in the transactions through enhancing BCC's standards of business conduct, awareness campaigns targeting both female and male sub-borrowers for green financing and financial literacy trainings (with a focus on green finance) for women sub-borrowers.

Technical Cooperation and Grant Financing

BCC will benefit from direct Technical Cooperation (TC) support of up to EUR 300,000 for dedicated capacity building and project origination support. The total TC package under the GEFF II amounts to €2.7 million. The TC will help (i) increase financial intermediation for GET investments in Kazakhstan, ii) improve partner financial institutions', including BCC, skills in project appraisal of a broad set of eligible technologies, iii) raise awareness and build the capacity of the private sector to prioritize their investments in green technologies and services, and (iv) mainstream gender perspective into operations. The TC funds are provided by the Climate Investment Fund ("CIF") and SSF.

Company Contact Information

Zaure Salimbayeva
fi@bcc.kz
+7 (727) 259 85 46
www.bcc.kz
38 Al-Farabi Avenue, Almaty, 050059, Kazakhstan

Implementation Summary

PSD Last Updated

05 Mar 2025

Understanding transition

Further information regarding the EBRD’s approach to measuring transition impact is available here.

Business opportunities

For business opportunities or procurement, contact the client company.

For business opportunities with the EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

For state-sector projects, visit EBRD Procurement:

Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

Specific enquiries can be made using the EBRD Enquiries form.

Environmental and Social Policy (ESP)

The ESP and its associated Environmental and Social Requirements (ESRs) set out the ways in which the EBRD implements its commitment to promoting “environmentally sound and sustainable development”. The ESP and the ESRs include specific provisions for clients to comply with the applicable requirements of national laws on public information and consultation, and to establish a grievance mechanism to receive and facilitate resolution of stakeholders’ concerns and grievances, in particular, about the environmental and social (E&S) performance of the client and the project. Proportionate to the nature and scale of a project’s environmental and social risks and impacts, the EBRD also requires its clients to disclose information, as appropriate, about the risks and impacts of projects or to undertake meaningful consultation with stakeholders and consider and respond to their feedback.

More information on the EBRD’s practices in this regard is set out in the ESP.

Integrity and compliance

The EBRD's Office of the Chief Compliance Officer (OCCO) promotes good governance and ensures that the highest standards of integrity are applied to all of the Bank's activities in accordance with international best practice. Integrity due diligence is conducted on all Bank clients to ensure that projects do not present unacceptable integrity or reputational risks to the Bank. The EBRD believes that identifying and resolving issues in the project assessment and approval stages is the most effective means of ensuring the integrity of Bank transactions. OCCO plays a key role in these protective efforts andhelps to monitor integrity risks in projects post-investment.

OCCO is further responsible for investigating allegations of fraud, corruption and misconduct in EBRD-financed projects. Anyone, either within or outside the Bank, who suspects fraud or corruption should submit a written report to the Chief Compliance Officer by email to compliance@ebrd.com. OCCO will follow-up all matters reported. It will review all matters reported. Reports can be made in any language of the Bank or of the Bank's countries of operation. The information provided must be made in good faith.

Access to Information Policy (AIP)

The AIP, which entered into force on 1 January 2025, sets out how the EBRD discloses information and consults with its stakeholders to promote better awareness and understanding of its strategies, policies and operations. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.

Specific requests for information can be made using the EBRD enquiries form.

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (for example, through the client’s project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the mechanism is: to support dialogue between project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or the project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate and how to submit a Request for review. Alternatively, contact IPAM by email at ipam@ebrd.com for guidance and more information on IPAM and how to submit a request.

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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GEFF Kazakhstan II - Bank CenterCredit - Loan IV

Overview

Project timeline

Company Contact Information

Project Description

Project Objectives

Transition Impact

Client Information

EBRD Finance Summary

Total Project Cost

Additionality

Technical Cooperation and Grant Financing

Company Contact Information

Implementation Summary

PSD Last Updated

Understanding transition

Business opportunities

General enquiries

Environmental and Social Policy (ESP)

Integrity and compliance

Access to Information Policy (AIP)

Independent Project Accountability Mechanism (IPAM)

GEFF Kazakhstan II - Bank CenterCredit - Loan IV

Overview

Company Contact Information

Project Description

Project Objectives

Transition Impact

Client Information

EBRD Finance Summary

Total Project Cost

Additionality

Environmental and Social Summary

Technical Cooperation and Grant Financing

Company Contact Information

Implementation Summary

PSD Last Updated

Understanding transition

Business opportunities

General enquiries

Environmental and Social Policy (ESP)

Integrity and compliance

Access to Information Policy (AIP)

Independent Project Accountability Mechanism (IPAM)