PROJECT

Projects

Summary of Investment Information

Project Number

48717

Company Name

Home Credit Bank JSC

Date SPI Disclosed

Apr 23, 2024

Country

Kazakhstan

Region

Central Asia and Turkiye

Projected Board Date

May 31, 2024

Environmental Category

FI-3 - No Impact

Status

Hold

Last Updated Date

Oct 25, 2024

Department

Regional Industry FIG MCT

Industry

Financial Markets

Sector

Commercial Banking - Consumer Finance

Project Description

The proposed investment consists of a 3-year US$ 50 million senior secured loan, denominated in the local currency, Kazakh tenge (KZT), to JSC Home Credit Bank Kazakhstan (HCKZ or the Bank). All proceeds will be allocated towards the expansion and development of the Bank’s green retail loan portfolio (the Project).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation