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    Signature(s)

    Amount
    € 120,000,000
    Countries
    Sector(s)
    Kazakhstan : € 120,000,000
    Credit lines : € 120,000,000
    Signature date(s)
    27/12/2013 : € 30,000,000
    27/12/2013 : € 30,000,000
    27/12/2013 : € 30,000,000
    27/12/2013 : € 30,000,000

    Summary sheet

    Release date
    27 June 2013
    Status
    Reference
    Signed | 27/12/2013
    20120596
    Project name
    Promoter - financial intermediary
    DBK LOAN TO SMES & MIDCAPS
    JSC DEVELOPMENT BANK OF KAZAKHSTAN JSC
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 120 million
    not applicable
    Location
    Sector(s)
    Description
    Objectives

    A dedicated EIB loan to finance projects promoted by SMEs & mid-caps in Kazakhstan.

    A first part of the loan will finance SMEs, in line with Kazakhstan's government objectives to support the growth of the SME sector in the country, diversify the economy and lower its dependence on the oil and gas extraction sectors. A second part will focus on financing projects contributing to climate change mitigation and adaptation.

    Environmental aspects
    Procurement

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Comments

    This operation is covered by the EU Guarantee for EIB loans outside the EU.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    News & Stories

    General enquiries and comments

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    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

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    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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