Release date: 27 June 2013
Promoter – Financial Intermediary
JSC DEVELOPMENT BANK OF KAZAKHSTAN JSCLocation
Description
A dedicated EIB loan to finance projects promoted by SMEs & mid-caps in Kazakhstan.
Objectives
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.
Comments
This operation is covered by the EU Guarantee for EIB loans outside the EU.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 120 million
Total cost (Approximate amount)
not applicable
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 27/12/2013
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).