PROJECT

Projects

Summary of Investment Information

Project Number

48575

Company Name

BANK CENTERCREDIT JSC

Date SPI Disclosed

Dec 2, 2024

Country

Kazakhstan

Region

Central Asia and Turkiye

Projected Board Date

Jan 31, 2025

Environmental Category

FI-2 - Limited

Status

Pending Signing

Last Updated Date

Mar 26, 2025

Department

CF5CT - Regional Industry FIG MCT/FIG Central Asia & Turkey

Industry

Financial Markets

Previous Events

Approved : Mar 25, 2025

Sector

Commercial Banking - SME Finance

Project Description

The proposed Project consists of a 3-year US$50 million senior secured loan to JSC Bank Center Credit (BCC or the Bank) denominated in the local currency, Kazakh tenge (KZT). The use of proceeds is as follows: 50% for financing eligible climate assets and 50% for on-lending to medium, small, and micro enterprises (MSMEs), with a specific allocation of 25% to women-owned MSMEs (WMSMEs) (the Project). The proposed Project will be accompanied by up to a US$10 million trade finance facility under IFC’s Global Trade Finance Program (GTFP) to support international trade financing for local exporters/importers.

Associated Advisory Engagement

      

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation