XM-DAC-903-SII-31830
International Finance Corporation
Sberbank KZ
The project involves a potential senior loan of up to US$70 million equivalent in Kazakh Tenge to Subsidiary Bank Sberbank of Russia JSC, a commercial bank operating in Kazakhstan (SBK or the Bank). SBKs core activity is to serve the private sector clients in Kazakhstan and is aligned with IFCs development strategy. The Bank has identified lending to small and medium sized enterprises (SMEs) as one of its top priority lines of business. IFCs loan would be used by the Bank for on-lending to private SMEs, particularly those operating in the agriculture sector.
The project''s development impact includes: (i) increasing access to finance for underserved SMEs in Kazakhstan, including those in the agribusiness, which have suffered from restricted access to finance as a result of the financial crisis, and (ii) diversification of the Kazakh economy away from dependence on the oil sector through a wider support to the private sector development which is to result in more job creation and life improvement.
SB Sberbank JSC
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mr. Shukhrat Sadyrov Deputy Chairman of the Management Board Subsidiary Bank Sberbank of Russia JSC 30/26, Gogol/Kaldayakov Str. Almaty, Republic of Kazakhstan Phone: +7 727 2500090 Fax: +7 727 2500063 E-mail: mailto:shukhrat.sadyrov@sberbank.kz
Kazakhstan
Headquartered in Almaty, Kazakhstan the Bank is present in most regions of the country and runs its operations through 13 branches and 80 sub-branches. The proposed IFC loan would be used by the Bank for on-lending to private SMEs in Kazakhstan.
Location description
A description that qualifies the activity taking place at the location.
48.0000000000 68.0000000000
O-AH - Commercial Banking - SME Finance
Total: $70.00 million
70000000.00
70000000.00
SB Sberbank JSC
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/31830/sberbank-kz
XM-DAC-903-SII-34328
International Finance Corporation
KMF Project
The proposed project consists of a senior loan of up to $5 million equivalent in Kazakh Tenge to Microcredit Organization KazMicroFinance LLC (KMF or the Company), the leading commercial MFI in Kazakhstan. Proceeds of the loan will be used to finance KMFs loan portfolio growth through increasing branch outreach and new product offering to its target micro and small clientele including women entrepreneurs in rural and urban areas. KMF has an extensive branch network. As of Dec 31, 2013 its branch network included 16 branches and 68 outlets and sub-offices. Since inception KMF has issued 752,936 loans for the amount of KZT 149 billion ($800 million).
- Improve access to finance for underserved segments of the society in remote areas of Kazakhstan through supporting lending activities of KMF; - Contribute to employment creation and improvement of life at the base of the pyramid through the strengthening of the microfinance sector in the frontiers regions of Kazakhstan; - Create demonstration effect for the Kazakh underdeveloped microfinance industry by helping KMF to upgrade their risk management practices and prepare them for transformation into a bank or financial institution with a number of banking services if and when the opportunity arises in the future.
MICROFINANCE ORGANIZATION KMF LLC
KMF Treasury 39, Beregovaya Street 050051 Almaty, Kazakhstan Telephone: +7 (727) 250-68-78 Fax: +7 (727) 250-68-76
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
N/A
Kazakhstan
KMF is headquartered in Almaty, Kazakhstan. As of 31 December 2013, the Company has 16 branches in Almaty, Astana, Karaganda, Kokshetau, Kyzylorda, Pavlodar, Semei, Shymkent, Taldykorgan, Taraz, Turkestan, Ust-Kamenogorsk, Kostanay, Aktobe and Uralsk.
Location description
A description that qualifies the activity taking place at the location.
48.0000000000 68.0000000000
O-HA - Microfinance and Small Business - Non Commercial Banking
Total: $5.00 million
5000000.00
5000000.00
MICROFINANCE ORGANIZATION KMF LLC
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/34328/kmf-project
XM-DAC-903-SII-35534
International Finance Corporation
RG Brands Project
Established in 1994 by Mr. Kairat Mazhibayev and Mr.Erken Koshkinbayev, RG Brands LLP (RG Brands or the Company) is a leading branded consumer products company in Kazakhstan. It produces and distributes the following products: (i) fruit juice and water; (ii) UHT milk; (iii) packaged tea and potato chips and (iv) PepsiCo and Pepsi-Lipton International franchised products. The proposed corporate loan will be utilized for partial refinancing of the Companys bank debt, working capital financing and capital expenditures (collectively, the Project).
The Project will have following development impact: (i) Creating and preserving direct and indirect jobs; (ii) Supporting food security and availability; (iii) Strengthening linkages with dairy farmers; (iv) Increasing tax payments for the Government.
RG Brands AO
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mr. Askhat Agybayev, Chief Financial Officer. 212 b, Raimbek Ave., Almaty, Republic of Kazakhstan, 050034 Tel.: +7 (727) 250 69 98 (ext. 4095), +7 777 242 23 30, email: mailto:askhat.agybayev@brands.kz
Kazakhstan
Headquartered in Almaty, RG Brands has three operating facilities: Almaty, Almaty region (Aksengir) and one facility located in Kostanay, a city in northern Kazakhstan.
Location description
A description that qualifies the activity taking place at the location.
48.0000000000 68.0000000000
F-BA - Soft Drink
Total: $30.00 million
30000000.00
30000000.00
RG Brands AO
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/35534/rg-brands-project
XM-DAC-903-SII-35747
International Finance Corporation
KMF-FY16 Project
The proposed project consists of a senior syndicated loan of up to US$25 million denominated in Kazakh Tenge (KZT) to Microfinance Organization KMF LLC, formerly Microcredit Organization KazMicroFinance LLC (KMF or the Company), IFCs existing portfolio client and the leading microfinance institution in Kazakhstan, as follows: (i) an A loan of up to US$5 million denominated in KZT for IFCs own account; and (ii) a B loan/Parallel loan of up to US$20 million or its equivalent in KZT for the account of participants. The funding will support KMFs loan portfolio growth through increasing new product offerings to its target micro and small businesses clientele, including women entrepreneurs in rural and urban areas, reduce its foreign currency exposure and improve its risk profile. As of September 30, 2015, KMFs gross loan portfolio was US$122 million issued to 144,730 active micro-borrowers through its network of 18 branches and 80 outlets and sub-offices allowing deep outreach in rural areas.
The Project is expected to have a high development impact as it will: (i) improve access to finance for the underserved segments of the society in remote areas of Kazakhstan through supporting lending activities of KMF; (ii) contribute to job creation and improvement of life at the base of the pyramid through strengthening of the microfinance sector in the frontier regions of Kazakhstan; and (iii) have a demonstration effect for Kazakhstan''s microfinance industry to follow a best practice suite by helping KMF to upgrade its risk management practices.
MICROFINANCE ORGANIZATION KMF LLC
KMF Treasury 39, Beregovaya Street 050051 Almaty, Kazakhstan Telephone: +7 (727) 250-68-78 Fax: +7 (727) 250-68-76
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
N/A
Kazakhstan
KMF is headquartered in Almaty, Kazakhstan. As of October 30, 2015, the Company has 18 branches in Almaty, Astana, Karaganda, Kokshetau, Kyzylorda, Pavlodar, Semei, Shymkent, Taldykorgan, Taraz, Turkestan, Ust-Kamenogorsk, Kostanay, Aktobe, Petropavlovks, and Uralsk.
Location description
A description that qualifies the activity taking place at the location.
48.0000000000 68.0000000000
O-HA - Microfinance and Small Business - Non Commercial Banking
Total: $44.00 million
44000000.00
44000000.00
MICROFINANCE ORGANIZATION KMF LLC
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/35747/kmffy16-project
Development Results
Development Result Description
Indicator
Access to Finance: Outstanding Microfinance Portfolio (#)
Outstanding Portfolio (#)
The Project is expected to have a high development impact as it will: (i) improve access to finance for the underserved segments of the society in remote areas of Kazakhstan through supporting lending activities of KMF; (ii) contribute to job creation and improvement of life at the base of the pyramid through strengthening of the microfinance sector in the frontier regions of Kazakhstan; and (iii) have a demonstration effect for Kazakhstan''s microfinance industry to follow a best practice suite by helping KMF to upgrade its risk management practices.
The Project is expected to have a high development impact as it will: (i) improve access to finance for the underserved segments of the society in remote areas of Kazakhstan through supporting lending activities of KMF; (ii) contribute to job creation and improvement of life at the base of the pyramid through strengthening of the microfinance sector in the frontier regions of Kazakhstan; and (iii) have a demonstration effect for Kazakhstan''s microfinance industry to follow a best practice suite by helping KMF to upgrade its risk management practices.
Indicator
Access to Finance: Outstanding Microfinance Portfolio ($)
Outstanding Portfolio ($)
The Project is expected to have a high development impact as it will: (i) improve access to finance for the underserved segments of the society in remote areas of Kazakhstan through supporting lending activities of KMF; (ii) contribute to job creation and improvement of life at the base of the pyramid through strengthening of the microfinance sector in the frontier regions of Kazakhstan; and (iii) have a demonstration effect for Kazakhstan''s microfinance industry to follow a best practice suite by helping KMF to upgrade its risk management practices.
The Project is expected to have a high development impact as it will: (i) improve access to finance for the underserved segments of the society in remote areas of Kazakhstan through supporting lending activities of KMF; (ii) contribute to job creation and improvement of life at the base of the pyramid through strengthening of the microfinance sector in the frontier regions of Kazakhstan; and (iii) have a demonstration effect for Kazakhstan''s microfinance industry to follow a best practice suite by helping KMF to upgrade its risk management practices.
Indicator
CORE - E and S Management Systems (Y/N)
Compliance/Enhancement
The Project is expected to have a high development impact as it will: (i) improve access to finance for the underserved segments of the society in remote areas of Kazakhstan through supporting lending activities of KMF; (ii) contribute to job creation and improvement of life at the base of the pyramid through strengthening of the microfinance sector in the frontier regions of Kazakhstan; and (iii) have a demonstration effect for Kazakhstan''s microfinance industry to follow a best practice suite by helping KMF to upgrade its risk management practices.
The Project is expected to have a high development impact as it will: (i) improve access to finance for the underserved segments of the society in remote areas of Kazakhstan through supporting lending activities of KMF; (ii) contribute to job creation and improvement of life at the base of the pyramid through strengthening of the microfinance sector in the frontier regions of Kazakhstan; and (iii) have a demonstration effect for Kazakhstan''s microfinance industry to follow a best practice suite by helping KMF to upgrade its risk management practices.
XM-DAC-903-SII-38776
International Finance Corporation
KFP Project
KazFoodProducts LLP (KFP or the Company), established in 1998, is one of the leading Kazakh food processing companies, operating in grain milling and confectionary sectors. The project aims to support KFP growth through: (i) vertical integration and product diversification in milling and deep processing of wheat (production of gluten, starch, animal feed and fructose syrup), and (ii) expansion of the confectionary business (the Project) Update related to additional investment under the COVID-19 response facility (#45257): IFC will provide an A loan of up to US$15 million equivalent in Kazakh Tenge (KZT) to KFP as an allocation under the IFCs COVID-19 response facility. The IFC Loan will be used for expansion of KFPs operations and its working capital needs.
- Economic diversification: The Project will contribute to the country's strategic objective of economic diversification, through development of agribusiness sector, where Kazakhstan has significant potential.
- Employment creation: The Project will contribute to job creation, including in frontier regions of Kazakhstan, where there are higher poverty rates and limited employment opportunities.
- Food security via continuing exports of flour to grain deficit countries of Central Asia (including Tajikistan and Afghanistan).
- Domestic value addition: By supporting domestic processing of agricultural commodities into gluten, starch, fructose and packaged food products, the project promotes local value addition, stronger downstream linkages with SMEs, and acquisition of new skills by the local labor force.
KAZFOODPRODUCTS LLP
Kazfoodproducts LLP Madina Orazimbetova Project manager +77272582692 omadina999@gmail.com 132A, Dostyk Avenue, Almaty, 050051, Kazakhstan
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
0 0 0 0 0 0 0 0 0.0000 132a Dostyk ave , 050051, Almaty, Kazakhstan Tel: +7 727 258 2692 Fax: +7 727 2582677
Kazakhstan
The Project is to be implemented by three subsidiary companies of KazFoodProducts: JSC Bayan Sulu, located in Kostanai, JSC Asia AgroFood, located in Chemolgan, Almaty region, and LLP BioOperations, located in Tainsha village, North Kazakhstan region. All of the abovementioned companies are domiciled in Kazakhstan.
Location description
A description that qualifies the activity taking place at the location.
48.0000000000 68.0000000000
F-AA - Grain Processing (Milling, Starch, Flour, Malt)
Total: $25.00 million
25000000.00
25000000.00
KAZFOODPRODUCTS LLP
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/38776/kfp-project
XM-DAC-903-SII-40476
International Finance Corporation
KMF-HALP Project
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Financing to Limited Liability Company Microfinance Organization KMF (KMF or the Company) to support local currency financing of micro and small enterprises, including women enterprises and clients in remote areas of Kazakhstan, structured as (i) an A loan of up to US$10 million equivalent in Kazakh Tenge (KZT) for IFCs own account and (ii) up to US$75 million Hedged A Loan Participation, for the account of participants (the Project).
KMF is an ultimate leader in the Kazakh microfinance sector, having demonstrated a steady growth in client base, loan portfolio and regional network especially in rural areas since its inception. As of Sep 30, 2017, KMF had a gross loan portfolio of over US$245 million with over 211,000 active micro-borrowers, representing c. 54% market share by loans outstanding. With 1700 staff, KMF operates a developed distribution network of
116
branches and outlets, allowing deep outreach in rural areas.
(i) Improve access to finance for underserved population segments in remote areas of Kazakhstan through supporting KMF's lending activities;
(ii) Contribute to job creation and upgrading the quality of life at the base of the pyramid through strengthening the microfinance sector in frontier regions of Kazakhstan;
(iii) Create a demonstration effect in following best practices in Kazakhstan's microfinance industry through helping KMF upgrade its risk management practices and prepare for transformation into a bank.
MICROFINANCE ORGANIZATION KMF LLC
Limited Liability Company Microfinance Organization KMF Ms. Elena Skufalyaridi Treasury Manager +77273317474 elena.skufa@kmf.kz 50, Furmanov street, Almaty 050004, Republic of Kazakhstan www.kmf.kz
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Kazakhstan
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KMF is headquartered in Almaty, Kazakhstan. The Company has 116
branches and outlets
in Almaty, Astana, Karaganda, Kokshetau, Kyzylorda, Pavlodar, Semei, Shymkent, Taldykorgan, Taraz, Turkestan, Ust-Kamenogorsk, Kostanay, Aktobe, Petropavlovks and Uralsk.
Location description
A description that qualifies the activity taking place at the location.
48.0000000000 68.0000000000
O-HA - Microfinance and Small Business - Non Commercial Banking
Total: $85.00 million
85000000.00
85000000.00
MICROFINANCE ORGANIZATION KMF LLC
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/40476/kmfhalp-project
XM-DAC-903-SII-42463
International Finance Corporation
KMF-HALP FY19
Financing to Limited Liability Company Microfinance Organization KMF (KMF or the Company) to support local currency financing of micro and small enterprises (MSEs), including women enterprises and clients in remote areas of Kazakhstan, structured as (i) an A loan exposure for IFCs own account not exceeding S$10 million equivalent in KZT and (ii) up to US$60 million Hedged A Loan Participation (HALP), for the account of participants (the Project). KMF is the ultimate leader in the Kazakhstan microfinance sector and has demonstrated a steady growth in client base, loan portfolio and regional network since its inception in 1996. As of end-2018, the Company had a gross loan portfolio of US$313 million and 243 thousand active clients, representing up to 54% microfinance industry market share by outstanding loans. The Company operates a developed distribution network with 117 offices including 14 regional branches, two regional back offices and a Head Quarter allowing deep outreach in rural areas.
Project outcomes - Stakeholders Effect: The most significant expected project-level outcome is derived from increased access to finance for underserved micro and small enterprises in remote areas of Kazakhstan and women borrowers by providing local currency financing to KMF, the largest microfinance player with strong outreach across the country. This Project, along with the previous projects, is addressing the microfinance gap in the country and providing sustainable financial access to micro and small enterprises in rural areas.
Contribution to Market Creation - Inclusiveness: IFC anticipates that the Project can foster greater inclusiveness in the market through the expansion of microfinance services in rural areas of Kazakhstan by demonstrating the use of innovative digital underwriting tools, loan repayment infrastructure, and responsible finance practices to reach underserved segment.
MICROFINANCE ORGANIZATION KMF LLC
Limited Liability Company Microfinance Organization KMF Ms. Elena Skufalyaridi Treasury Manager +77273317474 elena.skufa@kmf.kz 50, Furmanov street, Almaty 050004, Republic of Kazakhstan www.kmf.kz
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Kazakhstan
KMF is headquartered in Almaty, Kazakhstan. The Company has 117 branches and outlets in Almaty, Astana, Karaganda, Kokshetau, Kyzylorda, Pavlodar, Semei, Shymkent, Taldykorgan, Taraz, Turkestan, Ust-Kamenogorsk, Kostanay, Aktobe, Petropavlovks and Uralsk.
Location description
A description that qualifies the activity taking place at the location.
48.0000000000 68.0000000000
O-HA - Microfinance and Small Business - Non Commercial Banking
Total: $70.00 million
70000000.00
70000000.00
MICROFINANCE ORGANIZATION KMF LLC
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/42463/kmfhalp-fy19
XM-DAC-903-SII-42099
International Finance Corporation
Arnur Credit II
The proposed Project consists of a straight senior loan in the amount of up to US$4 million equivalent to be disbursed in KZT to Microfinance Organization Arnur Credit LLP (Arnur or the Company).
The most significant, expected project-level outcome is derived from increased access to microfinance and small businesses, specifically for un(der)served population in rural areas of Kazakhstan, which are mostly engaged in agriculture and women borrowers. Beyond the Project, the investment has the potential to promote inclusiveness in the microfinance market, via demonstration and replication channels, by showing to other microfinance market participants the efficient underwriting processes resulting in increased access to finance for micro and small entrepreneurs in rural areas of Kazakhstan.
MICROCREDIT ORGANIZATION ARNUR CREDIT LLP
Microfinance Organization Arnur Credit LLP Raushan Kurbanalieva CEO +7252537878 raushan-k@arnurcredit.kz 160050, South-Kazakhstan, the Republic of Kazakhstan Websitehttp://arnurcredit.kz/
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Kazakhstan
The Republic of Kazakhstan
Location description
A description that qualifies the activity taking place at the location.
48.0000000000 68.0000000000
O-HA - Microfinance and Small Business - Non Commercial Banking
Total: $4.00 million
4000000.00
4000000.00
MICROCREDIT ORGANIZATION ARNUR CREDIT LLP
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/42099/arnur-credit-ii
XM-DAC-903-SII-43007
International Finance Corporation
Airport Almaty
The Project consists of (i) financing the capital expenditure program, including a new passenger terminal to address capacity constraints, to modernize Almaty International Airport JSC (AIA) and (ii) refinancing of the acquisition of AIA and the associated fuel business entity Venus Trading LLP (VT, together with AIA, the Airport) from a private party. Established in 1935, AIA is the largest airport in Central Asia in a strategic location and served 6.4 million passengers in 2019. As an international, experienced operator, TAV is expected to expand and modernize the Airport by bringing in its global expertise and network to improve customer experience and connectivity.
IFC expects the Project to increase capacity at Kazakhstan's main international airport to accommodate the anticipated growth in passenger and cargo taffic, and indirect impact on growth and job creation through economic linkages. Project is also expected to improve quality of services through facilities upgrades, automation, passenger ancillary services and commercial offerings. At a market level, the Project contributes to improved competitiveness of the airports sector, from the introduction of an experienced private operator and envisaged improvements in operational performance standards. IFC expects the Project to also enhance integration, by supporting traffic growth at Kazakhstan's largest international airport and regional hub.
ALMATY INTERNATIONAL AIRPORT JSC
TAV Airports Holding Emre Mutlu Coordinator, Project & Corporate Finance +90 212 463 30 00 / ext. 2113 Emre.mutlu@tav.aero Vadistanbul Bulvar, Ayazaga Mahallesi Cendere Caddesi No: 109L 2C Blok 34485 Sariyer/Istanbul, Turkey Websitehttp://www.tavhavalimanlari.com.tr/
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
0 0 0 0 0 0 0 0 0.0000 TAV Kazakhstan LLP Fatih Omur , General Secretary Telephone Number: +7 702 168 1 541 Email: fatih.omur@tav.aero Mailing Address: 42 Maylin street, 050039, Almaty , Kazakhstan Website: http://www.tavhavalimanlari.com.tr /
Kazakhstan
The Project is located approximately 15 kilometres northeast of Almaty, Kazakhstan. The Project is building up on the existing site and will not result in increased footprint of the airport boundary.
Location description
A description that qualifies the activity taking place at the location.
48.0000000000 68.0000000000
E-BD - Other Support Activities for Transportation (Grain Terminals, Cargo Terminals, Airport Operations)
Total: $153.50 million
3500000.00
150000000.00
0.00
3500000.00
ALMATY INTERNATIONAL AIRPORT JSC
150000000.00
ALMATY INTERNATIONAL AIRPORT JSC
0.00
ALMATY INTERNATIONAL AIRPORT JSC
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/43007/airport-almaty
XM-DAC-903-SII-43882
International Finance Corporation
BOP KMF-FY21
The proposed project consists of a straight senior loan of up to US$25 million denominated in Kazakh tenge (KZT) to Limited Liability Company microfinance Organization KMF (KMF or the Company) to enable KMF to provide much needed local currency funding to micro and small enterprises (MSEs) that have been negatively affected by the COVID-19 pandemic in Kazakhstan, particularly those operating in rural and remote areas (the Project). As of end-2020, the Company had a gross loan portfolio of US$324 million and 222 thousand active clients. The Company owns a network of 14 branches and 110 outlets.
Stakeholder Effects: Improved access to and quality of finance for microenterprises and SMEs - The income stream of MSMEs, has been severely affected by the lockdowns, increased uncertainty, and a slow-down in economic activity in the wake of the pandemic. As the economy re-opens, MSMEs need access to capital to finance investments in inventory and inputs to resume economic activity, and to adjust business models to the post-crisis economic environment. The project will further support the implementation of a digital transformation of KMF's products and operations. KMF expects to digitize customer onboarding, therefore enabling a digital and remote loan disbursements and collections for a large share of its MSME customers. The adoption of digital channels and delivery methods have become increasingly important to adapt to customer needs and maintain business operations in the aftermath of the COVID-19 crisis.
Resilience: IFC anticipates that project will support resilience amongst microfinance and base-of-pyramids (BOP) finance providers by helping the market deal with the growing uncertainty and catalyzing investor response. A rise in non-performing loans, and disrupted borrower cash-flows has left banks reluctant to lend directly to BOP segments. Macroeconomic instability and uncertainty on the long-term viability of their operations has led to increased difficulties in accessing the funds needed to support the recovery and growth of their lending operations. By investing in KMF, IFC will demonstrate to other investors the viability of supporting the sustainability and recovery of BOP financial service providers.
MICROFINANCE ORGANIZATION KMF LLC
Limited Liability Company Microfinance Organization KMF Ms. Elena Skufalyaridi Treasury Manager +77273317474 elena.skufa@kmf.kz 50, Nazarbayev ave, Almaty 050004, Republic of Kazakhstan www.kmf.kz
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Kazakhstan
KMF is headquartered in Almaty, Kazakhstan. The Company has 14 branches and 110 outlets in Almaty, Nur-Sultan, Karaganda, Kokshetau, Kyzylorda, Pavlodar, Semei, Shymkent, Taldykorgan, Taraz, Turkestan, Ust-Kamenogorsk, Kostanay, Aktobe.
Location description
A description that qualifies the activity taking place at the location.
48.0000000000 68.0000000000
O-HA - Microfinance and Small Business - Non Commercial Banking
Total: $25.00 million
25000000.00
25000000.00
MICROFINANCE ORGANIZATION KMF LLC
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/43882/bop-kmffy21
XM-DAC-903-SII-47224
International Finance Corporation
BOP KMF-FY23
The proposed project consists of a straight senior loan of up to US$20 million denominated in Kazakh tenge (KZT) to Limited Liability Company Microfinance Organization KMF (KMF or the Company), a long-standing IFC partner and the largest microfinance institution (MFI) in Kazakhstan. The proposed financing will enable KMF to provide much needed local currency funding to micro and small enterprises (MSEs) in rural areas (50%) and women entrepreneurs (50%) in a challenging economic environment caused by the COVID-19 crisis and further exacerbated by the Russian-Ukrainian war (the Project). As of end-September 2022, the Company had a net loan portfolio of US$430 million, 254 thousand active clients, and captured 23% market share by loan portfolio. The Company owns a network of 14 branches and 113 outlets.
Stakeholder Effects: Improved access to and quality of finance for microenterprises and SMEs (MSMEs). The income stream of MSMEs, has been severely affected by the lockdowns, increased uncertainty, and a slowdown in economic activity in the wake of the pandemic. As the economy re-opens, MSMEs need access to capital to finance investments in inventory and inputs to resume economic activity, and to adjust business models to the post-crisis economic environment. The project will further support the implementation of a digital transformation of KMFs products and operations. KMF expects to digitize customer onboarding, therefore enabling a digital and remote loan disbursements and collections for a large share of its MSME customers. The adoption of digital channels and delivery methods have become increasingly important to adapt to customer needs and maintain business operations in the aftermath of the COVID-19 crisis.
Resilience: IFC anticipates that Project will support resilience amongst microfinance and base-of-pyramid (BOP) finance providers by helping the market deal with the growing uncertainty and catalyzing investor response. A rise in non-performing loans, and disrupted borrower cash-flows has left banks reluctant to lend directly to BOP segments. Macroeconomic instability and uncertainty on the long-term viability of their operations has led to increased difficulties in accessing the funds needed to support the recovery and growth of their lending operations. By investing in KMF, IFC will demonstrate to other investors the viability of supporting the sustainability and recovery of BOP financial service providers.
MICROFINANCE ORGANIZATION KMF LLC
Microfinance Organization KMF LLC Olga Yugay Deputy Chairperson of the Management Board
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Kazakhstan
KMF is headquartered in Almaty, Kazakhstan. The Company has 14 branches and 133 outlets in Almaty, Astana, Karaganda, Kokshetau, Kyzylorda, Pavlodar, Semey, Shymkent, Taldykorgan, Taraz, Turkestan, Oskemen, Kostanay, Aktobe.
Location description
A description that qualifies the activity taking place at the location.
48.0000000000 68.0000000000
O-HA - Microfinance and Small Business - Non Commercial Banking
Total: $20.00 million
20000000.00
20000000.00
MICROFINANCE ORGANIZATION KMF LLC
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/47224/bop-kmffy23
XM-DAC-903-SII-47060
International Finance Corporation
Shinhan Finance
The proposed investment consists of a 5-year US$ 60 million senior financing with two identically structured senior loans (US$ 30 million each) to be disbursed over a 6 to 12-month period in Kazakh tenge (KZT) to LLP Microfinance Organization (MFO) Shinhan Finance (ShF or the Company) in Kazakhstan (the Project). Shinhan Card (the Guarantor and the Sponsor) will provide full and irrevocable guarantee for the Project. The proceeds will be on-lent to individual entrepreneurs and micro, small and medium-sized enterprises (MSMEs). At least 25% will be earmarked for on-lending to women owned MSMEs (WMSMEs). Subject to blended finance approval, ShF may also benefit from a performance-based incentive (PBI) provided by the Women Entrepreneurs Opportunity Facility (WEOF) and the Women Entrepreneurs Finance Initiative (We-Fi) to support growth of the WMSMEs business.
The development impacts of the Project will be delivered through increased access to finance for MSMEs, including WMSMEs in Kazakhstan. At the market level, IFC anticipates that the Project, via demonstration and replication channels, will support resilience amongst microfinance providers catalyzing investments in the sector by demonstrating the viability of providing longer-term and large scale lending to MFIs in the country and contribute to crowding-in other sources of international and domestic finance in support of these lenders.
LLP MFO SHINHAN FINANCE
LLP MFO Shinhan Finance Mr. Jaeman Ko Chief Operating Officer +7 727 355 25 50 j.ko@shinhanfinance.kz Office 2/3, 2nd floor, 48 Auezov street, Almaty, Republic of Kazakhstan https://shinhanfinance.kz/
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Kazakhstan
Shinhan Finance operates through three branches (two sales support offices in Shymkent and Astana, and one head office in Almaty) in Kazakhstan.
Location description
A description that qualifies the activity taking place at the location.
48.0000000000 68.0000000000
O-FA - Other Non-Banking Financial Institution (NBFI)
Total: $60.00 million
60000000.00
60000000.00
LLP MFO SHINHAN FINANCE
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/47060/shinhan-finance
XM-DAC-903-SII-47308
International Finance Corporation
BOP Arnur III
The proposed project consists of a straight senior loan of up to US$9 million equivalent in Kazakh tenge (KZT or LCY) to Microfinance Organization Arnur Credit Limited Liability Partnership (Arnur, the Company or the Client), an existing IFC client and the 7th largest Kazakh microfinance institution (MFI), providing conventional microfinance services in Kazakhstan. The purpose of the proposed IFC investment is to support the Company's lending program to micro and small enterprises (MSEs), including rural-based MSEs (50%) and women-owned MSEs (50%), which have been negatively affected by the COVID-19 pandemic and Russias invasion of Ukraine (the Project).
Expected project-level outcome:
Stakeholder Effects: Improved access to finance for MSMEs, including women and informal rural entrepreneurs.
Expected market-level outcome:
Resilience: The Project will support resilience amongst microfinance and BOP finance providers by helping the market deal with the growing uncertainty and catalyzing investor response.
MICROCREDIT ORGANIZATION ARNUR CREDIT LLP
Microfinance Organization Arnur Credit Limited Liability Partnership Ms. Raushan Kurbanaliyeva Chair of the Management Board +7 (7252) 611-333 raushan-k@arnurcredit.kz Kazakhstan, 160011 www.arnurcredit.kz
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Kazakhstan
Arnur is headquartered in Shymkent, Kazakhstan. The Company has a distribution network of 9 regional offices and 90 branches located in Kyzylorda, South-Kazakhstan, Turkistan, Zhambyl and Almaty regions, allowing deep outreach in rural areas.
Location description
A description that qualifies the activity taking place at the location.
48.0000000000 68.0000000000
O-AC - Commercial Banking - Microfinance
Total: $9.00 million
9000000.00
9000000.00
MICROCREDIT ORGANIZATION ARNUR CREDIT LLP
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/47308/bop-arnur-iii
XM-DAC-903-SPI-10056
International Finance Corporation
Sazankurak Field Expansion
Summary Of Project Information (SPI) Project NameKazakhstan - First International Oil Corporation RegionCentral Asia, Middle East and North Africa Sector Project No010056 Projected Board DateMay 29, 2000 Company NameFirst Internaitonal Oil Corporation Technical Partner and/or Major Shareholders The project will be implemented by the Sazankurak Joint Venture Joint Stock Company (SJV), a locally incorporated Kazakh company. SJV is owned (97.5%) by First International Oil Corporation (FIOC), of the United States and (2.5%) by Atryraumunaigasgeologia (AMG) of Kazakhstan. FIOC is an independent exploration and development company organized in 1996 for the purpose of exploring and developing hydrocarbon deposits in the Caspian region of Central Asia. AMG is a previously state-owned drilling company that was privatized in 1996. Project Cost Including proposed IFC investment Project cost is estimated at US$40 million. The proposed IFC investment consists of an up to $US12 million loan to SJV and a US$8 million equity investment in FIOC. Location of project and Description of site The project involves the expansion of the Sazankurak oilfield in western Kazakhstan. The Sazankurak field is located 154 kilometers west of the city of Atyrau on the northern edge of the Caspian Sea within the Pre-Caspian Basin. The field encompasses 500 hectares and is located in a very isolated area with no surrounding industry. The nearest population center is approximately 20 kilometers to the west. Description of Company and Purpose of Project The project involves the expansion of the Sazankurak oilfield in western Kazakhstan. Existing facilities for the field include a base camp, 2 collecting stations, 2 storage tanks and a rail-loading terminal. IFC financing would play an important role in providing a needed source of long-term finance for projects in Kazakhstan. Due to concerns about the country''s political risks, and access to export markets, the international financial institutions have been reluctant to meet this need. IFC financing of this project would represent a needed alternative that would not otherwise be available. In addition, IFCs participation in this first project would support the countrys effort to develop its oil sector and would signal that there is opportunity for smaller, independent companies to participate in its growth. The project would generate foreign currency and taxes for Kazakhstan, create local employment in a remote area of Kazakhstan, and provide funding for training and social programs. Environmental Category and Issues This is a category B project according to IFCs environmental and social review procedure. Key issues reviewed included: air emissions; noise from drilling and operations; water supply and disposal; contamination of the proposed site from current or past operations, on or offsite; occupational health and safety issues including fire protection, emergency response, and control of employee exposure to noise and dust; liquid and solid waste disposal; and resettlement of people or economic dislocation caused by land acquisition for the project. The company has plans, including an Environmental Management Plan, to address these issues and has demonstrated that the proposed project will comply with applicable Kazakhstan and World Bank Group requirements. The is from the InfoShop. Host country location of environmental documentsCommunity of Akkystau: Office of the Deputy Akim, Isatai District JV Sazankurak JSC: 3 Saptaev Street Atyrau City Tel: (31222) 33035 Environmental Protection Administration of Atyrau Oblast: 137 Chapayev Street Atyrau City Tel: (31222) 33035 Date SPI sent to InfoShop April 14, 2000 This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors. It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration. For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 974-4384 Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Sazankurak Joint Stock Company
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Kazakhstan
Location description
A description that qualifies the activity taking place at the location.
48.0000000000 68.0000000000
AB - Oil and Gas Production (Includes Development)
Total: $20.01 million
20000000.00
10000.00
20000000.00
Sazankurak Joint Stock Company
10000.00
Sazankurak Joint Stock Company
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/10056/sazankurak-field-expansion
XM-DAC-903-SPI-7287
International Finance Corporation
Kazkommertsbank
Summary Of Project Information (SPI) Project Name Republic of Kazakstan-Credit Line to Kazkommertsbank Region Central Asia Sector Project No007287 Projected Board DateDecember 1, 1996 Company NameKazkommertsbank Technical Partner and/or Major Shareholders Kazkommertsbank is fully-owned by private Kazak investors. Project Cost Including proposed IFC investment IFC will extend a five-year floating-rate loan of up to US$10 million. In addition, up to 20% of the outstanding principal amount of IFCs A loan would be convertible into equity. Location of project and Description of site Almaty, Kazakstan Description of Company and Purpose of Project The project will provide a long-term loan facility of approximately US$10 million to Kazkommertsbank, one of the leading private banks. The credit line facility will broaden Kazkommertsbanks funding base and will be used for project finance, trade finance and the provision of working capital, including loans to small and medium-scale enterprises, thereby contributing to the development of the private sector in Kazakstan. Environmental Category and Issues Environmental Category FI - Kazkommertsbank will be required to undertake an environmental risk management system for the credit line. In addition, IFC will assess Kazkommertsbanks capability to implement the system. Date SPI sent to PIC August 28, 1996 For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 676-0365
Kazkommertsbank
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Kazakhstan
Location description
A description that qualifies the activity taking place at the location.
48.0000000000 68.0000000000
AA - Commercial Banking - General
Total: $10.00 million
10000000.00
0.00
10000000.00
Kazkommertsbank
0.00
Kazkommertsbank
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/7287/kazkommertsbank
XM-DAC-903-SPI-7288
International Finance Corporation
SEF ABN AMRO Registrars
Summary Of Project Information (SPI) Project Name Kazakhstan - Kazak Registry Company RegionCentral Asia, Middle East and North Africa Sector Project No007288 Projected Board DateDecember 20, 1996 Company NameKazak Registry Company (KRC) Technical Partner and/or Major Shareholders ABN Amro N.V (51%) and Global Kazkommerts Securities (29%) Project Cost Including proposed IFC investment US$100,000, including an IFC equity investment of $20,000 Location of project and Description of site Almaty, Kazakstan Description of Company and Purpose of Project The project consists of the establishment of the Kazak Registry Company (KRC), which will be the first professional provider of registry services in Kazakstan. KRC will be established in Almaty with a share capital of US$100 thousand and would provide registry services to leading private companies and investment privatisation funds. The project will help develop the equity market in Kazakstan, which currently faces a major constraint emanating from the difficulties encountered in recording the ownership rights of a shareholder. This affects negatively the inflow of foreign portfolio investment as well as the development of a local retail market. This project has been conceived as a response to the lack of independent, reliable and professional share registry facilities in Kazakstan and is expected to have a significant impact on the development of Kazakstans capital markets. IFC will make an equity investment of US$20,000 representing 20% of the equity of KRC. The other shareholders will be ABN Amro (51%) and Global Kazkommerts Securities (29%). Environmental Category and Issues This is a C category project according to IFCs environmental review procedure. Date SPI sent to PIC November 18, 1996 For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 676-0365
ABN AMRO Registrars
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Kazakhstan
Location description
A description that qualifies the activity taking place at the location.
48.0000000000 68.0000000000
IB - Market Infrastructure (Clearance and Settlement, etc.)
Total: $0.02 million
20000.00
20000.00
ABN AMRO Registrars
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/7288/sef-abn-amro-registrars
XM-DAC-903-SPI-7416
International Finance Corporation
EEG: Akshabulak Oil Field Development
Summary Of Project Information (SPI) Project Name Republic of Kazakstan-Akshabulak Oil Field Development Region Central Asia Sector Project No007416 Projected Board DateMarch 28, 1996 Company NameKazgermunai (KGM) Technical Partner and/or Major Shareholders Po Yuzhkaneftegaz (YKNG)(50%), a subsidiary of the Kazak Production Association, Munai Gas; Erdol-Erdgas Gommern GmbH (EEG)(25%), the former East German exploration and production company now owned by Gaz de France; and RWE-DEA AG (25%), a diversified German energy and electrical company. RWE-DEA AG purchased Veba Oel''s stake in the project in 1995. Project Cost Including proposed IFC investment Project cost: $265 million. Proposed IFC Investment: Equity and quasi-equity in the form of shareholders loans of up to $62 million for up to a 12.5% participation in Kazgermunai. Location of project and Description of site The project site is located in the South Turgai Basin of central Kazakstan, approximately 150 km north of the city of Kzyl-Orda. The field was discovered in 1988 by YKNG. Description of Company and Purpose of Project (include IFC role/development impact) KGM is a joint venture limited liability company owned 50% by YKNG, and 25% each by EEG and RWE-DEA. The purpose of the project is to develop the Akshabulak oil field, which is expected to (1) reduce Kazakstans dependency on imported oil from Russia by providing a stable domestic supply, and (2) generate valuable foreign exchange earnings for the country. Furthermore, in its initial stage, the project will provide new direct employment for about 75 Kazak citizens, who are expected to benefit from the know-how acquired through close cooperation with the Western industrial partners. The success of this project will also have an important demonstration effect for further cooperatitve developments in the sector. By taking a stake in the equity of KGM, IFCs primary role would be to serve as a neutral, honest broker between the joint venture partners. Environmental Category and Issues This is a category A project according to IFC''s environmental review procedure. Environmental issues associated with this project include site contamination as a result of previous activities, the management of produced gas and water, impacts on groundwater resources, erosion and dust, as well as oil spills. A detailed environmental assessment has been prepared for the project which indicates that site contamination as a result of previous activities is limited and localized and the aforementioned associated impacts can be mitigated to acceptable levels by employing standard industry practices. The environmental assessment process included consultations with local populations and government authorities. The environmental assessment has been available in Kazakhstan since May 1994. The are from the Public Information Center. Host country location of environmental documents City library in Kzyl-Orda and Ministry of Ecology, Almaty. Date SPI sent to PIC February 28, 1996 For Additional Information contact: Corporate Relations Unit Telephone: (202) 473-3800 Fax: (202) 676-0365 Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Kazgermunai
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Kazakhstan
Location description
A description that qualifies the activity taking place at the location.
48.0000000000 68.0000000000
AB - Oil and Gas Production (Includes Development)
Total: $65.73 million
65600000.00
130000.00
65600000.00
Kazgermunai
130000.00
Kazgermunai
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/7416/eeg-akshabulak-oil-field-development
XM-DAC-903-SPI-7837
International Finance Corporation
ISPAT-KARMET LTD
Summary Of Project Information (SPI) Project Name Kazakhstan: Ispat Karmet Region Central Asia, Middle East & N. Africa Sector Project No007837 Projected Board DateOctober 3, 1997 Company NameIspat Karmet (the Company) Technical Partner and/or Major Shareholders The company is 100% part of the LNM Group (the Group), a London based group which is the worlds largest integrated mini-mill producer of steel, with steel shipments (excluding the company) exceeding 6 million tons a year. The Groups net sales (excluding the Company) for 1996 was about $2 billion. The Group has significant experience in managing steel plants as well as experience in managing coal mines and power plants. Project Cost Including proposed IFC investment $831 million with a proposed IFC investment of $132.5 million, including an A Loan of $65 million and a B Loan of $67.5 million. IFC is also considering a possible equity investment of $5 million. Location of project and Description of site The steel and power plants are located in Termirtau, Central Kazakhstan, 1,200 km North of the capital, Almaty. The coal mines are located about 38 km East of Termirtau. Description of Company and Purpose of Project (include IFCs Role and Development Impact) The company, formerly one of the largest producers of flat steel in the CIS with a capacity of 6 million tons of liquid steel, also owns 15 coal mines with a current capacity of about 15 million tons of coal a year, and two captive power generation plants with a combined rated capacity of 575 MW. The steel plant along with the smaller 140 MW power plant was privatized in November 1995 through a competitive tender. The larger 435 MW power plant was privatized in May 1996 through a Dutch Auction and the coal mines were privatized in July 1996. The Group bought the assets in all three cases to form the company. The purpose of the project is to enable the company to compete effectively in the international steel market by: - restoring capacity in the steel, power and coal operations; - expanding the product mix to higher value added products; and - improving the environmental situation of the company to comply with relevant World Bank Environmental and Worker Health and Safety Guidelines. The Group believes that IFC has a key role to play as IFCs presence provides the Group and other financiers with much needed political comfort. In addition, IFCs due diligence has provided comfort to other financiers and has enabled the company to approach the bond market for a $150 million bond. The Project will have a major developmental impact, both for Kazakhstan as a whole and for the regional development of the Karaganda area. For Kazakhstan as a whole, the project will support the largest privatization to date, lead to significant technology transfer, encourage the presence and familiarization of foreign lenders in Kazakhstan and help bring in further foreign investment. In addition, the project will lead to Kazakhstans largest export earnings besides earning from natural resources like oil, gas and gold. For the Karaganda region, the developmental impact will be crucial. The entire towns of Karaganda and Temirtau as well as the surrounding area (about 1 million people) indirectly depend on the Company, which used to previously account for nearly 10% of Kazakhstans GDP. Employment not just in the plant, but in the area was thus heavily affected in 1995, when the plant was nearly closed and the workers were not paid. The success of the project is thus essential to the economic well being of the region. Environmental Category and Issues This is an environmental review Category A project. EBRD (the lead financing agency with a loan of $217.5 million)and IFC retained Dames & Moore as an independent environmental consultant to carry out and environmental audit (EA) and an environmental impact assessment (EIA) of all the operations of the company. The main areas of environmental concerns are: - dust emissions; - emissions of SO2, NOX, and volatile organic compounds; - noise and vibration; - effluent waste water; - slag and other waste disposal issues; - the presence of methane gas in the coal mines; and - occupational health and safety concerns. In this context, Dames & Moore, EBRD, the Company and IFC have developed three Environmental Action Plans (EAPs) for the steel works, the power plant TEC-2 and the coal mines. The management has confirmed that it is committed to the implementation of the EAPs, through which the facilities will gradually reach full compliance with Kazakh environmental standards and with World Bank Environmental and Worker Health and Safety Guidelines. Most of the actions required will be implemented within a three year period. Some actions will require an additional implementation period, however, not exceeding five years except for the implementation of electrostatic precipitators in the TEC-1 power plant which will, due to technical constraints, have to be implemented gradually over eight years. A Public Information Plan (PIP) has been carried out as part of the environmental due-diligence process. The main objective of the PIP was to provide potentially affected residents of Temirtau, Karaganda and other communities with objective information concerning environmental impacts associated with the proposed investment program, and to incorporate, where possible, the concerns of the public into the final project plans. The PIP, which included provision of information through local mass media including a dedicated television program as well as several public meetings, was fully implemented. As per World Bank Environmental and Worker Health and Safety Guidelines, the Executive Summary of the Environmental, Health and Safety Audit and Assessment has been submitted to the Board of Directors. The full environmental documentation (the EIA and the Executive Summary in Russian) has also been released for public review locally and regionally in Temirtau and Karaganda. The is from the Public Information Center. Host country location of environmental documents The Companys office in Termirtau and in Karaganda. Date SPI sent to PIC September 3, 1997 This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors. It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration. For Additional Information contact: Corporate Relations Unit Telephone: (202) 473-3800 Fax: (202) 974-4384 Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Ispat Karmet OAO
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Kazakhstan
Location description
A description that qualifies the activity taking place at the location.
48.0000000000 68.0000000000
AB - Integrated Steel Works
Total: $70.00 million
65000000.00
5000000.00
65000000.00
Ispat Karmet OAO
5000000.00
Ispat Karmet OAO
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/7837/ispatkarmet-ltd
XM-DAC-903-SPI-8074
International Finance Corporation
TuranAlem Bank
Summary Of Project Information (SPI) Project Name: Kazakhstan: Turanalem Bank Region:Central Asia, Middle East and North Africa Sector: Project No:008074 Projected Board Date:May 2, 1999 Company Name:Turanalem Bank Technical Partner and/or Major Shareholders Turanalem is owned by a group of companies based around Astana Holding, one of the largest private business groups in the country. Project Cost Including proposed IFC investment The total project cost is $30 million. IFC would extend six-year floating rate loans for its own account, in the amount of US$10 million to Turanalem Bank. In addition, IFC would invest up to US$2 million in Turanalems equity. Location of project and Description of site With headquarters in Almaty, Turanalem Bank has twenty branches throughout Kazakhstan. Description of Company and Purpose of Project The project involves a credit line to Turanalem Bank. Following its privatisation in early 1998, this is now the second largest private bank in Kazakhstan. The project will create a substantial demonstration effect by reinforcing the benefits for Kazakh banks of moving to international standards. The financing package will broaden the bank''s funding base and will be used for on-lending to metal and mining, agricultural and transportation companies as well as to small and medium enterprises for project finance, trade finance and working capital. Environmental Category and Issues This is an FI Type 2 project. Turanalem Bank will be required to undertake an environmental review of each subproject. Turanalem Bank must participate in environmental training, develop an environmental management system and provide an annual environmental performance report to IFC. The is from the Public Information Center. Date SPI sent to PIC: April 2, 1999 This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors. It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration. For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 974-4384
BTA Bank AO
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Kazakhstan
Location description
A description that qualifies the activity taking place at the location.
48.0000000000 68.0000000000
AA - Commercial Banking - General
Total: $15.00 million
10000000.00
5000000.00
10000000.00
BTA Bank AO
5000000.00
BTA Bank AO
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/8074/turanalem-bank
XM-DAC-903-SPI-8868
International Finance Corporation
SEF Kazkommertsbank SME Credit Line
Summary Of Project Information (SPI) Project Name: Kazakhstan - SEF Kazkommertsbank SME Loan Region:Central Asia, Middle East and North Africa Sector: Project No:008868 Projected Board Date:April 12, 1999 Company Name:Kazkommertsbank Technical Partner and/or Major Shareholders The senior management of Kazkommertsbank owns 62% of the Banks equity. American and European investment funds own 32% of the Bank''s equity via ADRs as a result of the 1997 international equity offering. Individuals and other minority shareholders own the remaining 6% of the Banks equity. Project Cost Including proposed IFC investment IFC will provide a credit line to Kazkommertsbank of up to US$2.5 million. Location of project and Description of site The credit line will be onlent to SMEs in the Karaganda region. The primary purpose of this loan is to support the development of SMEs directly or indirectly associated with Ispat Karmet and/or to assist workers formerly employed by Ispat Karmet and/or to provide for the growth of the private sector in the Karaganda region. Description of Company and Purpose of Project Following the privatization of Ispat Karmet, the largest steel plant in the former Soviet Union, the subsequent restructuring has created a range of opportunities for SMEs to provide goods and services which were previously produced internally within the Company. This project will also help generate employment opportunities in the region. Kazkommertsbank is the leading private bank in Kazakhstan. Established in 1992, the bank provides a range of commercial and investment banking services to its private sector client base. Estimated assets and equity as at year-end 1998 are US$506 million and US$115 million. Kazkommertsbank is well known to IFC and received an IFC loan of US$10 million in 1997. Environmental Category and Issues This is an environmental review category (FI) project. The bank will be required to undertake an environmental review of each sub-project. In addition, IFC will assess the Bank''s capability to carry out environmental reviews. Under IFC''s proposed new environmental review procedure, this would be a category FI Tier 2 project. If and when the procedure is approved, it will apply to this project. The is from the InfoShop. Date SPI sent to InfoShop: March 11, 1999 This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors. It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration. For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 974-4384
Kazkommertsbank
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Kazakhstan
Location description
A description that qualifies the activity taking place at the location.
48.0000000000 68.0000000000
AA - Commercial Banking - General
Total: $2.50 million
2500000.00
2500000.00
Kazkommertsbank
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/8868/sef-kazkommertsbank-sme-credit-line
XM-DAC-903-SPI-8940
International Finance Corporation
SEF Kazakhstan Construction Materials Company
Revised Summary of Project Information (SPI) Project Name Kazakstan-Kazakstan Construction Company Region Central Asia, Middle East and North Africa Sector Manufacturing Project No. 008940 Project Board Date June 12, 1998 Company Name Kazakstan Construction Company (KCC) Major Shareholders Mr . Ermek Mussin , through three existing companies belonging to him; Ermin Plastics, Ermin Stroy and Ermin Profile. The assets of Ermin Plastics and Ermin Stroy will be transferred to KCC the paid-up capital of which will be US$1.4 million. Project Cost Including Proposed IFC investment The total project cost is $2.6 million. IFCs investment is expected to be up to $1.2million in the form of a loan. Location of the Project and Description of the Site The project will be located in Kapchagai, a city about 50km from Almaty, in an existing working bay measuring 10,000 square meters. The project facilities include a four kilometer railway siding, storage bays for cement, sand and aggregate and 5 hectares of land Description of the Company and Purpose of the Project KCC is a limited partnership company which was registered in February 1998 to take over the manufacture of concrete pavement bricks, concrete road slabs and concrete hollow blocks (generically named as concrete masonry units) currently being manufactured by two of the Sponsors companies in order to consolidate the production of these items in one company and also to expand existing capacity from 120,000 square meters of concrete masonry units per annum to 360,000 square meters per annum. Without IFCs involvement it will not be possible for the sponsor to rapidly expand capacity to meet the growing market demand. IFCs assistance will facilitate introduction of modern management and technical practices and the facilities will be comparable to modern concrete masonry manufacturing units in western countries. Environmental Category and Issues This is a category B project according to IFC''s environmental review procedure. Environmental, occupational health and safety issues associated with the project include: air emissions, liquid effluents, solid wastes, fire prevention and emergency response, employee health safety and training; and employee protection from noise and dust. The sponsor has presented plans to address these issues and demonstrate the proposed project will comply with applicable governmental and World Bank/IFC requirements. The Environmental Review Summary is expected to be available on or about May 11, 1998 through the Public Information Center. Host country location of IBRD Resident Mission, Almaty, Kazakstan environmental documents Date SPI sent to PIC May 7, 1998 Revised May 12, 1998 This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors. It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration. For additional information contact: Corporate Relations Unit Phone (202) 473-7711 Fax (202) 974-4384 Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Closed Joint Stock Company "Kazakhstan Construction Company"
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Kazakhstan
Location description
A description that qualifies the activity taking place at the location.
48.0000000000 68.0000000000
AB - Concrete Pipes and Blocks
Total: $1.15 million
900000.00
250000.00
900000.00
Closed Joint Stock Company "Kazakhstan Construction Company"
250000.00
Closed Joint Stock Company "Kazakhstan Construction Company"
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/8940/sef-kazakhstan-construction-materials-company
XM-DAC-903-SPI-9271
International Finance Corporation
Ramstore Project
Summary Of Project Information (SPI) Project Name: Kazakhstan: Ramstore-Kaz Region:Central Asia, Middle East and North Africa Sector: Project No:009271 Projected Board Date:April 9, 1999 Company Name:Rambutya LLP Technical Partner and/or Major Shareholders The project will be sponsored by two Turkish companies, Migros Turk T.A.S. (Migros) and Ram Dis Ticaret A.S. (Ram), and one Kazakhstani company, Butya Holding (Butya). The project will be implemented through the formation of Rambutya. 42% of the new company will be owned by Migros, 28% by Ram, and 30% by Butya. Project Cost Including Proposed IFC Investment USD 31,615,00 of which IFC will provide an "A" loan of USD 11,000,000 Location of Project and Description of Site This project involves construction and operation of a hypermarket with an integral shopping mall located in the Samal-2 district of Almaty City on a 2.1 hectare partly developed site. The facility is partly built and will go into operation in the second quarter of 1999. Description of Company and Purpose of Project Rambutya, a new Kazakhstan limited liability company, will construct and operate large greenfield hypermarkets with integrated shopping malls under the name "Ramstore". The Ramstore Almaty project will be the first for a major established retailer in Kazakhstan. Rambutyas entry into the market will raise the overall standards of retailing in the country as other chains and competitors work out ways to improve the efficiency of their distribution and sales networks to match them. Its success should encourage other companies to invest in Kazakhstan as the countrys perceived risk begins to diminish. Its benefits will include the availability of low-cost, high-quality basic foods and consumable products offered by a volume-based enterprise of the kind taken for granted in many parts of the world. In the long term, since half the product range is expected to be sourced locally, the company will have to work with local suppliers to raise their quality and consistency to meet consumers expectations. It will also provide direct employment to about 200 employees, with a multiple of that number expected to be added in the supply stream and in ancillary activities. IFCs involvement will assist a strongly viable project with foreign currency needs in a timely fashion, and assist in demonstrating success in the private consumer sector. It will also enable a competent Part II country client wishing to enter a difficult market. Environmental Category and Issues This is a category B project according to IFC''s environmental review procedure because specific impacts may result which can be avoided or mitigated by adhering to generally recognized performance standards, guidelines or design criteria. The following potential environmental, health and safety impacts of this project were analyzed: site location and land transfer issues, including minor resettlement; air emissions; liquid effluent treatment; solid waste management and fire safety and emergency response. The is from the Public Information Center. Host country location of environmental documents: Ramstore Project Site, Samal-2 District, Almaty, Kazakhstan Date SPI sent to InfoShop:March 9, 1999 This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors. It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration. For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 974-4384 Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Ramstor Kazakhstan TOO
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Kazakhstan
Location description
A description that qualifies the activity taking place at the location.
48.0000000000 68.0000000000
BA - Retail (Including Supermarkets, Grocery Stores, etc.)
Total: $11.00 million
11000000.00
11000000.00
Ramstor Kazakhstan TOO
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/9271/ramstore-project
XM-DAC-903-SPI-9867
International Finance Corporation
SEF LP-GAZ Project
- Technical Partner and/or Major Shareholders The company is owned equally by Mr Roustem Tursunbayev and Mr Kanat Dosanov, both of whom have extensive experience in the Liquefied Petroleum Gas (LPG) distribution industry in Kazakhstan. - Project Cost Including proposed IFC investment The total project cost is $4 million. The IFC will provide financing of $2 million, consisting of an A loan of $2 million, of which $500,000 will be convertible into equity. - Location of project and Description of site The project involves the establishment of four LPG distribution centers in Ust-Kamenogorsk, Astana, the southern suburbs of Shymkent and the Saryn-4 microdistrict of Almaty. - Description of Company and Purpose of Project The project involves the greenfield development of a network of LPG distribution centers. From these distribution centers, LP-Gaz will provide LPG in cylinders and bulk tankers to domestic consumers for use in home cooking and, to a lesser extent, heating. The project will have two phases. The first phase is already underway and involves the construction of two stations in Almaty and Shymkent. During the second phase, two stations will be built in Astana and Ust-Kamenogorsk. Work on these two stations is expected to begin in mid-2000. The company is one of the first small niche operators to emerge after the privatization of the regional LPG distribution centers. Such SMEs provide the necessary competition to ensure that regional distributors do not abuse their strong market position. Although a number of small LPG filling stations have recently been established, they generally have limited services, low safety standards and do not provide a stable supply of LPG to consumers. LPG is mainly used as a fuel for cooking, where its convenience provides a major advantage over alternative fuels such as wood, coal, kerosene, and natural gas. LPG is also more thermally efficient and cleaner (odorless, ash-free, practically sulfur-less and produces less carbon dioxide) than these alternatives. While natural gas is more convenient to the consumer than LPG, it can only be delivered through a natural gas pipeline, which is expensive to install. The company will help provide a reliable supply of LPG to domestic users, which will lead to an increase in domestic living standards. The investment will also ensure that the company operates according to acceptable safety standards. - Environmental Category and Issues This is a category B project according to IFC''s environmental review procedure. Out of the four sites, two, which were formerly vacant and have been already purchased, are located in industrial areas with no environmentally sensitive areas in their vicinities. These two lots were acquired through willing buyer/seller commercial transactions. The sponsor will confirm that the two additional sites to be acquired are not located near sensitive environments and that the acquisition is also being carried out as a willing buying/seller transaction. Since the sponsor will use state of the art equipment, they will ensure that only minor amounts of gas will be released during connection and disconnection. The distribution centers will only generate minor amounts of liquid effluent. Sanitary sewage will be disposed in septic tanks. The terminals will only produce minor amounts of domestic solid waste, which will be disposed in accordance with local requirements. Copies of the accident prevention, maintenance, safety and employee training programs satisfactory to IFC will be submitted to IFC prior to first disbursement. Each local filling plant will have an employee responsible for handling local health and safety questions and for following the company rules. By project completion, the sponsors operations will be in full compliance with the relevant World Bank guidelines and policies and with the environmental standards of the government of Kazakhstan. The sponsor will annually submit to IFC a monitoring report to ensure ongoing environmental compliance during the life of the project. Based on its review of available information regarding potential environmental impacts and proposed mitigation measures, IFC concludes that the proposed project is being designed to meet Government of Kazakhstan requirements, and World Bank policies, and environmental, health and safety guidelines. The is from the InfoShop. Host country location of environmental documents The ERS will be displayed at the gates of the existing Almaty and Shymkent sites and at the gates of the proposed sites in Astana and Ust-Kamenogorsk. It will also be displayed in the company''s distribution vehicles. Date SPI sent to InfoShop November 29, 1999. This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors. It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration. For Additional Information contact: Corporate Relations Unit Telephone: (202) 473-7711 Fax: (202) 974-4384 Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
LP-Gaz, LLP
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Kazakhstan
Location description
A description that qualifies the activity taking place at the location.
48.0000000000 68.0000000000
CA - Natural Gas Distribution
Total: $2.00 million
2000000.00
2000000.00
LP-Gaz, LLP
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/9867/sef-lpgaz-project
XM-DAC-903-SPI-10448
International Finance Corporation
Ispat Karmet SME Resource
The Resource will be managed by Ispat Karmet. The Resource will provide loan, quasi-equity, and equity financing, while the manager will provide technical and business assistance to small and medium enterprises (SMEs) located in Karaganda Oblast. Target size of investments is $20,000 to $1million. The proposed Resource is specific in that it aims to stimulate the relationship between the large corporate sector (in this case, Ispat Karmet) and the private SME sector. Specifically, IKR will target its investments primarily at SMEs that already are or have a good potential to become suppliers to Ispat Karmet, which is the largest steel producer in Kazakhstan. This project is the result of IFC''s effort to identify a fully commercial and economically-sustainable model for strengthening SMEs affiliated with large international organizations in general, and with Ispat Karmet in particular. The concept of this Resource is based on an existing model: the Anglo-American SME funds, whereby Anglo-American of South Africa has provided financial, technical, and managerial support to enable local SMEs to become suppliers to its mines and businesses. The Anglo-American initiatives have been successfully operating since 1989, substantially increasing supplies from local SMEs, and providing good financial returns on investment. IFC Role and Development Impact: IFC''s primary role in this project is to promote corporate citizenship. If successful, this project could have considerable replication possibilities as many large organizations working in developing environments, many of them IFC clients, have similar needs. The proposed project has substantial development impact. Important impediments to the development of the Kazakh SME sector include lack of access to equity capital, limited availability of long-term lending, and business managers insufficient business expertise and technical training. The IKR aims to alleviate these constraints by providing financing supplemented by appropriate technical assistance. The project is consistent with the World Bank Group strategy to support the growth of the private sector in Central Asia. In line with this strategy, IFC''s priorities for Central Asia include supporting SMEs through financial intermediaries as well as through corporate-sponsored financing.
TOO Mittal Steel SME Resource
Mr. N. Chaudhary, General Director, Ispat Karmet, 1 Lenin Avenue, Temirtau, Kazakhstan
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Kazakhstan
IKR will be located on the premises of Ispat Karmet, in Temirtau, Kazakhstan.
Location description
A description that qualifies the activity taking place at the location.
48.0000000000 68.0000000000
AD - Foreign Portfolio Equity Fund - Sector
Total: $3.40 million
3370000.00
30000.00
3370000.00
TOO Mittal Steel SME Resource
30000.00
TOO Mittal Steel SME Resource
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/10448/ispat-karmet-sme-resource
XM-DAC-903-SPI-10558
International Finance Corporation
Astana Tower Business and Shopping Center
The project involves the development of a greenfield business and shopping center in view of the anticipated demand for quality office and shopping space in Astana. In 1998, Astana became Kazakhstan''s new capital and most of the national government administration has since been moved from Almaty to Astana. Businesses and foreign investors have also started to establish their presence in the capital city. However, the lack of quality business infrastructure has been an impediment to more rapid movement of businesses to Astana, and has hindered Astana''s emergence as a fully developed new capital. Astana Business and Shopping Center (ABS, or the company) responds to this growing need for modern business and office space in the emerging capital city of Kazakhstan. In Astana, ABS is the first business and shopping center built to international standards. ABS is located in a busy area of Astana at the intersection of one of the citys busiest avenues leading to government, city administration, and diplomatic quarters. The project was designed by Turkish architects and has been developed by Ahsel Group, which has been active and known in Kazakhstan, most notably through its Regent Ankara Hotel in Almaty. ABS consists of a 20-floor office/ residential tower and a 3-floor shopping area, which is connected to the tower at the ground floor. The building is suitable for international companies and is equipped with modern facilities, including a fitness center, central heating and air-conditioning, security systems, information technology network, communications systems, fire/ smoke detectors and sprinklers. Development Impact : The projects developmental impact is expected to be significant since the project will help upgrade the local business environment, introduce modern business practices, and provide shopping facilities in the local community. The project will help attract private businesses and foreign capital to Astana and help develop the new capital of Kazakhstan. IFC Role: The project is in line with the Kazakh government''s priority to rapidly establish the city as the nation''s capital by encouraging influx of private businesses in Astana as well. Astana is likely to attract more businesses to relocate from Almaty if the currently available business and office infrastructure is upgraded to meet required international standards. IFC''s investment would signal confidence in the development of private sector activity in Astana and private investment in Kazakhstan. IFC will provide the company with long-term financing, which is not available in the local market. Furthermore, IFC has introduced Ahsel Group to the World Trade Center organization, which is seeking to extend its network into Kazakhstan and is considering locating their operation in Astana Tower. This is likely to significantly benefit Kazakhstan''s integration with overseas markets. Finally, IFC will work with the sponsors to increase their awareness of international safety and construction standards, which is expected to result in consistent application of these standards in other Ahsel tourism and residential development projects.
Astana Business and Shopping Center
Mrs. Guzide Tumer, Member of Ahsel Board Bilkent Plaza A3, Ankara, Turkey. Phone: 90 312 266 0030 Fax: 90 312 266 7207
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Kazakhstan
The project is a greenfield development located in Astana, the new capital city of Kazakhstan.
Location description
A description that qualifies the activity taking place at the location.
48.0000000000 68.0000000000
AE - Other (Including Restaurants, Amusement Parks, etc.)
Total: $5.00 million
5000000.00
5000000.00
Astana Business and Shopping Center
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/10558/astana-tower-business-and-shopping-center
XM-DAC-903-SPI-11507
International Finance Corporation
BTA Leasing
BTA Leasing (BTAL) was established in 2000 and is currently a wholly owned subsidiary of Bank Tura Alem (BTA), one of the leading private banks in Kazakhstan in which IFC is a 3.2% shareholder. Headquartered in Almaty with 23 employees, BTAL is the first commercial leasing company in Kazakhstan, with paid-in-capital of $2 million and a current market share of 10%. At end-2003, it had total assets of $11.3 million, and shareholders equity of $2.2 million. More information is provided at BTALs website: http://www.leasing.kz . The project comprises of the following components: - an IFC equity investment of up to $1.2 million equivalent for 10% shareholding in the expanded share capital of BTAL; and - an IFC senior loan of up to $5 million to BTAL with a tenor of six years. This project is intended to strengthen BTALs capital base, and strengthen BTALs institutional capacity and expand its leasing operations, particularly to Small and Medium Enterprises. The proposed IFC loan will provide much needed term funding to BTAL and improve the maturity matching of BTALs balance sheet. ORIX Corporation (ORIX) of Japan and ORIX Leasing Pakistan (OLP) will be the foreign strategic and technical partners to co-invest with IFC. After the proposed investment, BTAs shareholding in BTAL will be reduced to 45%. ORIX and OLP will take a combined shareholding of 45%, with IFC taking the remaining 10%. Both ORIX and OLP will be actively involved in the management of BTAL. ORIX and OLP will nominate members on the Board of BTAL, and OLP will second about two experienced managers to participate in the day-to-day management of BTAL. IFC is also expected to nominate a Board member.
Joint Stock Company SK Leasing
Ms. Lazzat S. Asabaeva, President, BTA Leasing, 5/F, 38 Tulebaev Street, Almaty 480004, Republic of Kazakhstan
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Kazakhstan
The project is located in Almaty, Kazakhstan. BTAL is located in a commercial office building.
Location description
A description that qualifies the activity taking place at the location.
48.0000000000 68.0000000000
LB - Leasing Services
Total: $6.20 million
5000000.00
1200000.00
5000000.00
Joint Stock Company SK Leasing
1200000.00
Joint Stock Company SK Leasing
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/11507/bta-leasing
XM-DAC-903-SPI-11574
International Finance Corporation
ABN-AMRO Bank Kazakhstan Ltd. II
As of December 31, 2001, ABNK''s total assets reached US$199 million equivalent. Equity was US$37 million equivalent, and corporate deposits were US$156 million equivalent. ABNK''s main business focus is on companies, both international and domestic, in providing them with a range of products, such as loans, trade finance, retail, cash deposits, custody and advisory services. The bank has started to actively offer new derivative products and financial tools for clients in trading, such as swaps, (reverse) repurchase agreements, and forwards. As the economy has stabilized and the leading Kazakh companies have matured, it is becoming increasingly competitive for banks to meet the necessary financing needs of medium size Kazakh companies. By providing tier-II capital support to an excellent Kazakh client, the proposed project would enable ABNK to provide necessary financing to quality local companies where single client exposure limits present a problem for the bank. Also, the proposed loan facility will help to address the existing limitations of the Kazakh banking sector in providing term financing to the growing Kazakh businesses.
SB RBS KAZAKHSTAN JSC
Milana Gorshkova, Investment Officer Email: MGorshkova@ifc.org
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Kazakhstan
ABNK''s head office is located in Almaty, Kazakhstan. The bank has also one branch in Atyrau, Kazakhstan.
Location description
A description that qualifies the activity taking place at the location.
48.0000000000 68.0000000000
AA - Commercial Banking - General
Total: $10.00 million
10000000.00
10000000.00
SB RBS KAZAKHSTAN JSC
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/11574/abnamro-bank-kazakhstan-ltd-ii
XM-DAC-903-SPI-20986
International Finance Corporation
Citibank Kaz
Citibank Kazakhstan (CK, or the bank) is a fully licensed commercial bank. It offers to its resident and non-resident clients a complete range of banking products for domestic and cross-border operations in both Kazakh tenge and foreign currencies. CK has been based in Kazakhstan since 1994 and was fully incorporated in on May 12, 1998. As of December 31, 2002, the banks total assets stood at $349.8 million equivalent and the total capital equaled $54.8 million equivalent including the subordinated debt.
The project involves the provision of long-term funding of up to $20 million to the Bank to support the expansion of its mid-term lending operations. Through this loan IFC will enhance the supply of much-needed finance to the local private sector. With the increased economic activity in Kazakhstan over the last two years, due to favorable oil prices and a stable economy, there is undoubtedly a substantially increased demand from companies for longer term financing. The proposed investment is therefore intended, although in a small way, to address this demand. A secondary benefit is that it will increase competitiveness in the country's banking system
CJSC Citibank Kazakhstan
CJSC
Citibank Kazakhstan
Park Palace, Building A, 2nd Floor,
41 Kazibek bi Str.
Almaty, 480100,
Kazakhstan
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Kazakhstan
The bank is headquartered in Almaty, Kazakhstan.
Location description
A description that qualifies the activity taking place at the location.
48.0000000000 68.0000000000
AA - Commercial Banking - General
Total: $25.00 million
25000000.00
25000000.00
CJSC Citibank Kazakhstan
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/20986/citibank-kaz
XM-DAC-903-SPI-7824
International Finance Corporation
SEF NefteBank
NefteBank is a strong, conservative, well-managed, second-tier Kazakh commercial bank. The project involves a credit line to NefteBank, which has emerged as the leading regional bank, covering Western Kazakhstan and catering predominantly the oil and gas exploration companies in the Caspian Sea region, as well as supporting the SME sector in the Mangistau region. The proposed IFC loan will be used to finance SMEs in Western Kazakhstan. The Mangistau region has a growing SME market that is currently being underserved and lacks access to funding. IFC will facilitate SMEs'' access to term financing, which is scarce in Kazakhstan. The ultimate goal of this project is to create a viable banking institution and creditworthy private enterprises, which could eventually become attractive opportunities for foreign direct investment.
OJSC NefteBank
mgorshkova@ifc.org
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Kazakhstan
NefteBank is headquarted in Aktau and has four branches in Western Kazakhstan and one in Almaty .
Location description
A description that qualifies the activity taking place at the location.
48.0000000000 68.0000000000
AC - Commercial Banking - Microfinance and Small Business
Total: $2.50 million
2500000.00
2500000.00
OJSC NefteBank
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/7824/sef-neftebank
XM-DAC-903-SPI-9862
International Finance Corporation
SEF CASPI Limited
Caspi Ltd. is located in the town of Atyrau, one of the sites of extensive oil exploration in western Kazakhstan. The Company owns Chagala Hotel, a three-star hotel in Atyrau, and a small guesthouse in settlement Bautino, south of Atyrau and close to the Caspian oilfields, a site of the marine-supply base constructed by Offshore Kazakhstan International Operating Company (OKIOC). The proposed project consists of the expansion and development of the Chagala Hotel and of the guesthouse in Bautino. The hotel and guesthouse offer rooms in $80-$120 range and the target market is oil workers and associated staff involved with the oil exploration and development work in the Caspian. This will be IFC''s first investment in this strategically important area of Kazakhstan, which is expected to be the prime driver of growth for the next twenty years. The expansion of the Chagala Hotel will meet the growing needs of the international oil companies and related support companies that are developing the new Kashagan oilfield in the Caspian Sea, which is estimated to have reserves several times that of the North Sea. Following this discovery, neither the Chagala Hotel nor the Bautino guesthouse can meet demand. IFC has a strong role to play in this project through the provision of long-term funding. Term financing is practically unavailable in Kazakhstan and IFC''s financing will enable the company to expand the Chagala Hotel and Bautino guesthouse to meet the needs of international clients. IFCs participation in the project is also expected to facilitate the company''s future access to international borrowing. The expansion of the Chagala Hotel and the Bautino guesthouse is a vital component of the business infrastructure in Western Kazakhstan as foreign businessmen require such accommodation to operate. As such, this expansion and development work will contribute to attracting foreign investment into Kazakhstan. The project will provide direct employment to the company''s employees and indirectly to hundreds of workers providing goods and services to the company.
CASPI Limited
Tim Abson, General Director, Caspi Ltd. K.Ismagulov Str., #1, Atyrau, 465002, Kazakhstan Tel: (7-31222) 54033 Fax: (7-31222) 54034
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Kazakhstan
The principal locations of the project are in town of Atyrau and small south-western settlement Bautino in Western Kazakhstan, which is the main oil and gas producing area of the country. The oil and gas export revenues, combined with the Caspian Sea sturgeon contribute about 22% to the country''s GDP. According to Economist Intelligence Unit, the oil and gas sector alone accounts for 44% of total exports and 85% of total FDI flow of Kazakhstan. The region''s enormous oil and gas reserves have attracted scores of foreign oil and gas companies (Chevron, Shell, British Gas/Petroleum, Total, Agip and others) since the country gained independence from Soviet Union in 1991. However, the region''s basic infrastructure and services are under-developed and exploration work is a real challenge for foreign oil and gas companies. To address the shortage of export capacity, a consortium led by Chevron is in the process of building a $2.3 billion pipeline, that will transport Caspian Sea oil to the Black Sea. An agreement has been signed for another pipeline project which would connect the western Kazakhstan fields with Mediterranean Sea. These projects will clearly boost Kazakhstan''s oil and gas production and facilitate developments of new fields, but they will also create an urgent need for accommodation for workers in the oil and gas industry . As the only incumbent Western hotel, the Caspi Ltd. is well placed to capitalise on this opportunity.
Location description
A description that qualifies the activity taking place at the location.
48.0000000000 68.0000000000
AA - City and Business Hotel
Total: $2.50 million
2500000.00
2500000.00
CASPI Limited
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/9862/sef-caspi-limited
XM-DAC-903-SPI-9953
International Finance Corporation
Lukoil Overseas
KIO, as a group of foreign investors, is in charge of the field''s development, while BG and Agip have been designated as operators. Lukoil''s minority stake is held through a subsidiary organized as a Special Purpose Vehicle (SPV) with no other assets, but the 15% stake in the field. The project is expected to double crude oil and condensate production from the current 100,000 barrels/day (bbl/d) to more than 220,000 bbl/d, and to increase gas production to 1.3 billion cubic feet per day (BCF/d). The project has a significant developmental impact on the local and national economy of Kazakhstan. In addition to generating significant economic benefits to the country, it has, and will continue to contribute, to Kazakhstan''s goal of developing its under-exploited natural resources. Given the considerable money and technical skills needed to develop Kazakhstans vast oil and gas reserves, foreign investment is needed to fill the gap. Secondly, the project has already generated local contracting opportunities and created several thousand new construction jobs in a remote area of Kazakhstan. KIO gives preference to materials, equipment, products and services from Kazakh contractors/suppliers when such sources are competitive and it is trying to maximize the local content in the work force. KIO is providing local employees with training in western management, health and safety practices as well as on the use of western technology employed in the field. In addition, KIO spends US$10 million annually for community development. Since 1998, KIO has implemented a number of locally vital projects, such as the reconstruction and refurbishments of several hospitals in the area, installation of the new gas distribution system, road repairs, water distribution system repairs, built a new school for 800 students and repairs of the local theater.
Lukoil Overseas Karachaganak B.V.
Karachaganak Integrated Organization (KIO) Karachaganak Petroleum Operating b.v. Kazakhstan Branch Office, Aksai, Burlinsky Region, West Kazakhstan Oblast, Republic of Kaazakhstan, 418440 Telephone: +44 208 828 8103 (CIS): 8 571 222 2103 Fax: +44 208 828 8132 (CIS): 8 571 222 2132
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Kazakhstan
Karachaganak Oil and Gas Condensate Field is situated in Burlinsky district of Western Kazakhstan Oblast in the Republic of Kazakhstan. Discovered in 1979, the field has been in operation since 1984.
Location description
A description that qualifies the activity taking place at the location.
48.0000000000 68.0000000000
AB - Oil and Gas Production (Includes Development)
Total: $75.00 million
75000000.00
75000000.00
Lukoil Overseas Karachaganak B.V.
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/9953/lukoil-overseas
XM-DAC-903-SPI-25959
International Finance Corporation
Bank Caspian
The proposed investment includes a $80 million senior loan of 7 years tenor and 2 years grace to support the Banks continued lending to small and medium enterprises as well as a $25 million trade finance line.
The anticipated development impact of Bank Caspians continued support of Kazakhstans growing SME business is expected to be far reaching in terms of its economic and financial support for businesses with previously limited access to credit, providing a stimulus for employment generation and growth of smaller enterprises. In Kazakhstan, there are approximately 222,000 registered million small and medium enterprises as of October 2005, employing 1.7 million members of the workforce and contributing approximately 43% to the countrys GDP at end 2004. Based on Bank Caspians average SME loan size, the project is expected to reach an estimated 2000 entrepreneurs during the tenor of the facility funding borrowers through Bank Caspians 147 branch and office network located throughout Kazakhstan.
Kaspi Bank AO
Company website http://www.kaspibank.kz/
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Kazakhstan
Bank Caspian is headquartered in Almaty, Kazakhstan with 40 full branches, 107 small offices and 600 points of sale throughout Kazakhstan. It has the countrys third largest branch network providing access to finance across the country.
Location description
A description that qualifies the activity taking place at the location.
48.0000000000 68.0000000000
AA - Commercial Banking - General
Total: $80.00 million
80000000.00
80000000.00
Kaspi Bank AO
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/25959/bank-caspian
XM-DAC-903-SPI-26672
International Finance Corporation
BCC DPR/SME
The proposed project comprises financing of up to $115 million to support BCCs SME lending business and its inaugural Diversified Payment Rights (DPR) securitization (together known as the project).
The financing will include:
- a senior loan of up to $40 million (the Loan) to be onlent to SMEs, and
- a participation of up to US$75 million in the Banks proposed DPR securitization.
IFCs role and additionality in the proposed project is to provide long-term support which will enhance the stability of a well-managed Kazakh client at a time when the international markets are closed to Kazakhstan.
The successful implementation of this project will
- promote SME lending in the economy;
- develop financial intermediation by increasing the kind of products and services available in the market; and
- underpin the overall growth in the economy, as higher loan volumes will benefit customers, suppliers and new entrants.
BANK CENTERCREDIT JSC
Ms. Dilyara Yermakova, Director, Financial Institutions
98 Panfilov Street, Almaty, 050000, Kazakhstan
+7 (727) 2 598 549
Email: dilyara.yermakova@centercredit.kz
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Kazakhstan
BCC is headquartered in Almaty, Kazakhstan and has 20 full-service and 187 retail branches.
Location description
A description that qualifies the activity taking place at the location.
48.0000000000 68.0000000000
AH - Commercial Banking - SME Finance
Total: $45.00 million
45000000.00
45000000.00
BANK CENTERCREDIT JSC
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/26672/bcc-dpr-sme
XM-DAC-903-SPI-26891
International Finance Corporation
Jambyl Cement LLP
The proposed project will support the expansion of the cement activities of the Vicat Group (Vicat), the third largest cement company in France, through a financing package to Jambyl Cement Company, in Kazakhstan to finance the construction of a greenfield, state-of-the-art dry-process 1.1 million tons per annum (mtpa) cement plant which will be located in Mynaral, Kazakhstan. Based on the anticipated growth in the cement market in Kazakhstan and the need for updating the countrys existing production capacity which is based on the more polluting and less efficient wet kiln process, Vicat Group has recently acquired 60% of Anys Invest LLP which owns 100% of the Jambyl Cement Production Company LLP, while JSC Kazkommerts Invest (KKI) owns the remaining 40% of Anys Invest LLP.
The proposed project is expected to meet the growing demand in the local markets while helping reduce the countrys dependence on more expensive imports thus lowering cement prices to customers and supporting the development of the construction and housing sectors stimulating further infrastructure development. In addition, the project is expected to provide desirable employment opportunities to the region as well as stimulate private sector growth and increase the regions economic activity. The project will also help phase out existing wet processing plants, thus helping on climate change through reduced CO2 emissions.
JAMBYL CEMENT LLP
Mr. Thierry Plaisant Managing Director Ivanilova Street 48 Almaty, Kazakhstan +7 7272440244 t.plaisant@jambylcement.kz
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Kazakhstan
The Jambyl Cement Companys cement plant will be located in Mynaral, Kazakhstan which is located near the Balkash lake, about 400km North of Almaty.
Location description
A description that qualifies the activity taking place at the location.
48.0000000000 68.0000000000
AA - Cement
Total: $75.00 million
60000000.00
15000000.00
60000000.00
JAMBYL CEMENT LLP
15000000.00
JAMBYL CEMENT LLP
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/26891/jambyl-cement-llp
XM-DAC-903-SPI-27095
International Finance Corporation
ATF Bank Project
The proposed project involves providing a subordinated loan of up to $75 million to support the capital base of ATF Bank.
The successful implementation of this project will: - enhance the Banks ability to access medium-term funding and on-lend funds to underserved sectors. Through increased access to finance, Kazakh entrepreneurs would be able to access to finance for continuing their activity. The SME sector is critical to support job creation where unemployment rate is increasing, and - support the efforts of one of the leading banks in Kazakhstan to diversify its funding, and to better manage its asset and liability position and its capital adequacy at time of financial crisis in the economy.
ATF BANK JSC
Mr. Alexander Von Gleich, CFO 100, Furmanov str., 050000 Almaty +7 727 2583 000 Email: AVGleich@atfbank.kz
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Kazakhstan
ATF is headquartered in Almaty, Kazakhstan.
Location description
A description that qualifies the activity taking place at the location.
48.0000000000 68.0000000000
AA - Commercial Banking - General
Total: $60.00 million
60000000.00
60000000.00
ATF BANK JSC
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/27095/atf-bank-project
XM-DAC-903-SPI-27476
International Finance Corporation
Eurasia RED
Eurasia Real Estate Development Ltd (ERED or the company) is a leading Kazakh commercial property development company which develops and leases high quality shopping malls and business centers throughout Kazakhstan. ERED currently owns an operational class B+ business center on the Manas-Satpayev street intersection in Almaty. The companys near term plans include building two shopping centers located in Almaty for a cost estimated at approximately $185 million. The shopping centers will also offer cultural as well as entertainment services. The project will consist of: - a 55,000 m2 shopping center on Raimbek Avenue, Almaty; and - a 100,000 m2 shopping center on Kulja Avenue, Almaty. These two developments will be implemented in a phased manner. The shopping center on Raimbek Avenue was about 60% completed as of September 1, 2008 and is expected to open in February 2009. The company is planning a 45,000 m2 extension of the shopping center on Raimbek Avenue project depending on the level of demand for retail space.
The project will contribute to filling the large gap between supply and demand for quality retail space in Almaty and provide much needed property infrastructure in the largest city of the country, as well as introduce modern international retail and entertainment operators to the largest city of Kazakhstan. The project will also contribute to improve Almatys ongoing efforts at urban renewal, its competitiveness as a domestic and regional center, and its stock of modern real estate and mass-market retail formats. Other areas of development impacts include: - creation of direct (over 4,000 jobs) and indirect jobs (estimated at 6,000 jobs); - modernization of the landscape for local retail properties; - improvement in and introduction of quality standards; - benefit to other sectors of the economy, from suppliers of products in the shopping centers to final consumers.
Home Mart LLP
Dmitry A. Revin, Director for Finance and Business Development Eurasia RED 32A Manas street, 3rd floor Almaty, Kazakhstan, 050008 Telephone:+7 (727) 237 83 78 / 237 83 79 Fax: +7 (727) 237 83 00 Mobile.: +7 (701) 714 66 03 E-mail: dmitry@eurasiared.com Website: www.eurasiared.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Kazakhstan
The two shopping centers will be located on prime sites in Almaty with strategic access to main transportation axes, the Almaty ring road and in proximity to urban developments. The first shopping center on Raimbek Avenue will be situated in the western part of Almaty on a high traffic road (nearby the exit to Bishkek in Kyrgyzstan) and the second shopping center on Kulja Avenue will be located in the eastern part of the city between the downtown area and the future international airport (nearby the exit to China).
Location description
A description that qualifies the activity taking place at the location.
48.0000000000 68.0000000000
AA - Construction and Real Estate
Total: $45.00 million
45000000.00
45000000.00
Home Mart LLP
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/27476/eurasia-red
XM-DAC-903-SPI-28071
International Finance Corporation
BCC Equity Project
The proposed project is comprised of an equity investment in BCC for an approximately 10% stake alongside the local shareholders and strategic investor, Kookmin Bank Co. Ltd, South Korea and a subordinated loan facility of up to $85,000,000 which will qualify as Tier II capital.
IFCs role and additionality in the proposed project is to provide long-term support which will enhance the stability of a well-managed Kazakh client at a time when the international markets are closed to the Country.
The successful implementation of this project will;
Support a well managed systemic medium-sized bank through the global financial crisis and help stabilize Kazakhstans financial system;
Promote SME lending in the economy;
Support the good corporate governance of the Bank.
BANK CENTERCREDIT JSC
Ms. Dilyara Yermakova, Deputy Director, Financial Institutions
98 Panfilov Street, Almaty, 050000, Kazakhstan
+7 (727) 2 598 546
Email: dilyara.yermakova@centercredit.kz
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Kazakhstan
BCC is headquartered in Almaty, Kazakhstan and has 20 full service branches and 190 retail branches.
Location description
A description that qualifies the activity taking place at the location.
48.0000000000 68.0000000000
AA - Commercial Banking - General
Total: $170.00 million
85000000.00
85000000.00
85000000.00
BANK CENTERCREDIT JSC
85000000.00
BANK CENTERCREDIT JSC
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/28071/bcc-equity-project
XM-DAC-903-SPI-28112
International Finance Corporation
Ust Kamenogorsk Poultry Farm, JSC
A modernized former Soviet factory in Ust-Kamenogorsk, Kazakhstan, UKPF is an established regional poultry leader in Kazakhstan (14% of domestic production, 6% market share) serving the remote though populated northeast market, as well as Almaty and Astana and marginal export sales to Kyrgyzstan. Currently, UKPF is the sole chilled chicken meat producer in Kazakhstan. With its new processing operation and improved technical operations, UKPF can leverage on its regional strength to gain market share in other regions, and expand fresh poultry production.
UKPFs strategy is to transition the bulk of its sales from frozen whole birds to chilled products to capture higher margins, provide an alternative to frozen import options, and secure a stronger foothold in Almaty. Chilled product sales will be achieved through locating UKPF-branded counters and refrigerators in key retail spots in Almaty, Astana, Pavlodar and Ust-Kamenogorsk for the majority of sales. Supporting this effort is an already-embarked upon modernization program and improvements in the distribution system to build close relationships with leading supermarkets.
The IFC Project will help UKPF (i) improve the operations bio-security to reduce the risk of disease; (ii) accelerate the retailing of the branded chilled production; and (iii) reduce feed costs. Advisory services will assist the Company with corporate governance, food safety and energy efficiency.
Through working with UKPF, IFC will support the development of a local market leader in the poultry sector, a high priority for the Government of Kazakhstan. Since the IFC project will address improvements in bio-security, cleaner production and energy efficiency, the Company will be able to serve as a model for other poultry and meat producers to improve their operations. The Project main beneficiaries will be financiers, grain farmers, soybean and sunflower farmers, employees, retail stores, consumers, and the nearby residents of the UKPF operation.
Ust-Kamenogorsk Poultry Plant JSC
Mr. Serik Tolukpayev
+7 723 222 3030
Ust-Kamenogorsk Ptitsa Fabrika JSC
Molodzhnyi Settlement
Ulanskiy District 0716000 RK VKO
Kazakhstan
Email: Serik.Tolukpaev@ukpf.kz
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Kazakhstan
UKPF is located on 592, 820 hectares near the Molodezniy village, approximately 20 kilometers from Ust-Kamenogorsk, on the Almaty highway. UKPF was founded in 1976 as a poultry operation, and has worked in this sector for over 30 years.
Location description
A description that qualifies the activity taking place at the location.
48.0000000000 68.0000000000
BB - Poultry Farming
Total: $2.00 million
2000000.00
2000000.00
Ust-Kamenogorsk Poultry Plant JSC
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/28112/ust-kamenogorsk-poultry-farm-jsc
XM-DAC-903-SPI-30249
International Finance Corporation
Altyn Ajydar IV
Altyn Ajydar (AA) is a leading producer of corrugated packaging in the Kyrgyz Republic and a long-term IFC client with sales of $5.4 million in 2010. AAs management has currently identified strong demand for packaging in Kazakhstan in line with the growth potential of the agribusiness, food processing, appliances and consumer goods sectors. AA now wishes to expand its production and sales to neighboring Kazakhstan closer to its main market and clients. Through this investment, IFC will be able to: (i) provide longer term financing that is currently unavailable in the local market in sufficient amounts; (ii) support the expansion of an existing viable client in an IDA country to larger markets in Kazakhstan in the wake of the global financial crisis and economic contraction in the Kyrgyz Republic; and (iii) continue working with AA on implementing improved safety, labor, health, and environmental practices as well as provide advice on corporate governance in both Kyrgyzstan and Kazakhstan.
The proposed project will help AA expand into Kazakhstan and improve its competitiveness with the production of multi-layer packaging products through the use a new and more efficient corrugated packaging line in a location that is closer to its client base in Kazakhstan. Moreover, the project will have a demonstration effect for other SMEs, as AA has been a successful company in the region. Besides improving the companys competitiveness, the investment is expected to result in an estimated additional employment of 100 workers in Kazakhstan.
Intermultiservice LLC
1 Isakeev Str., Bishkek, the Kyrgyz Republic
Altyn Ajydar LLC, Mr. Pavel Terekhov, President
Phone: + (996-312) 63 20 86, 63 20 62
Fax: + (996-312) 63 20 86
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Kazakhstan
The project is located in facilities owned by the IMS in Alma-Aty, Kazakhstan with suitable road, power, water and security infrastructure.
Location description
A description that qualifies the activity taking place at the location.
48.0000000000 68.0000000000
AG - Paper Packaging Products (Including Boxes, Cartons, etc.)
Total: $2.25 million
2250000.00
2250000.00
Intermultiservice LLC
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/30249/altyn-ajydar-iv
XM-DAC-903-SPI-30975
International Finance Corporation
ECT Project
The Project would invest in Eastcomtrans LLP (ECT or the Company), the largest private railcar leasing company in Kazakhstan with a fleet of about 8,350 wagons. It provides railcars to major Kazakh and Russian companies on an operating lease basis (where the economic value of ownership remains with ECT). The Company also provides transshipment and rail forwarding services. A significant portion of its fleet are oil tank cars with the balance being open gondola wagons and Liquid Petroleum Gas (LPG) railcars. IFCs investment would be part of a larger financing to fund the Companys 2012 expansion program (the Project). This would enable the Company to diversify its fleet and client base while also allowing it to continue to grow its proprietary freight forwarding business.
The project would: (i) support the continued development of a key player in the still nascent private Kazakh rail sector; (ii) promote competition and the role of the private sector in a state-dominated industry; (iii) contribute to the development of the transportation and logistics sectors in Kazakhstan; and (iv) help renew Kazakhstan''s aged railcar fleet, helping avoid a supply crisis over the next 5-10 years as about half of the existing fleet needs to be retired. The availability of new, more reliable railcars would also help sustain the competitiveness of Kazakhstan''s railway sector, mitigating the risk of trucks displacing the railway with attendant increases in harmful greenhouse gases.
EASTCOMTRANS LLP
Mr. Adilzhan Kozhabergenov CFO, Eastcomtrans LLP 5, Al-farabi Ave Business Center <Nurly Tau> 2A Building, office 902 Almaty Kazakhstan Tel: +7 (727) 277 78 78 Fax: +7 (727) 277 78 79
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Kazakhstan
Eastcomtrans is headquartered in Almaty, Kazakhstan. Its railcars, while registered in Kazakhstan, can operate throughout the Former Soviet Union and, in particular, some of its wagons are regularly interchanged from Kazakhstan into the Russian Federation.
Location description
A description that qualifies the activity taking place at the location.
48.0000000000 68.0000000000
AB - Rail Transportation
Total: $50.00 million
30000000.00
20000000.00
30000000.00
EASTCOMTRANS LLP
20000000.00
EASTCOMTRANS LLP
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/30975/ect-project
XM-DAC-903-SPI-31868
International Finance Corporation
Arnur Credit
The proposed project is to provide a senior loan of up to $3 million equivalent to Microcredit Organization Arnur Credit LLP (the Company), one of the leading commercial microfinance institutions in Kazakhstan. Proceeds of the loan will be used to finance the expansion of the Companys lending activities to micro and small entrepreneurs (the Project). Arnur Credit currently seeks long-term funding to continue its dynamic growth and continue offering existing and new products to its target clientele. Arnur Credit is one of the leading microfinance organizations operating in the southern region of Kazakhstan and serves more than 6,000 clients, of which 40% are women, through its network of 38 branches. Arnur Credit provides a range of products to its clients with rural loans for agricultural purposes accounting for more than 40% of portfolio and number of clients. Arnurs average loan size is about $2,000.
The developmental impact is expected to be high: - Open up more financial channels to the underserved segments of the society in remote and rural areas of Kazakhstan through supporting lending operations of Arnur Credit. Through access to finance, local micro and small entrepreneurs, more specifically women owned borrowers, would be able to expand their business activities and subsequently finance their day to day consumer and family needs. - Contribute to the employment creation and improvement of life at the base of the pyramid through the strengthening of the microfinance industry in the frontier regions of Kazakhstan. - Create a demonstration effect for MFIs in the country to upgrade their practices in different areas including risk management and social and environmental risk management.
MICROCREDIT ORGANIZATION ARNUR CREDIT LLP
Mrs. Raushan Kurbanalieva Chairwomen of the Managing Board Shymkent City, 160011 Republic of Kazakhstan Tel: +7 (7252) 53-78-78 Fax: +7 (7252) 30-09-23 e-mail: raushan-k@arnurcredit.kz
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Kazakhstan
Arnur Credit is headquartered in Shymkent in southern Kazakhstan and has 38 branches and sub-offices in the southern region.
Location description
A description that qualifies the activity taking place at the location.
48.0000000000 68.0000000000
HA - Microfinance and Small Business - Non Commercial Banking
Total: $3.00 million
3000000.00
3000000.00
MICROCREDIT ORGANIZATION ARNUR CREDIT LLP
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/31868/arnur-credit