Project description
and objectives:
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The proposed project consists of credit lines of up to USD 15 million in
aggregate to Alliance Bank, a universal commercial bank in Kazakhstan. The
lines will be for on-lending to private micro and small enterprises under the
Kazakhstan Small Business Programme and to medium sized companies.
The project objectives are to enable AB to successfully engage in micro and
SME lending throughout its branch network with the help of specialised
technical assistance for training and institution building.
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Transition impact:
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The project transition impact includes the following key aspects:
• Increased financial intermediation in favour of micro, small and medium
sized enterprises which face the most difficulties in accessing long term
finance, particularly those in rural areas and/or those in the agricultural
sector.
• Institutional building at the level of the bank, developing skills and best
practices in small business lending.
• Promotion of high standards of corporate governance.
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The client:
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Alliance Bank, a dynamically developing second-tier bank in Kazakhstan, is
headquartered in Almaty and has 13 branches throughout the country.
As of 30 June 2005, with total assets of USD 1,671 million Alliance Bank
ranked 5th in Kazakhstan by size of assets.
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EBRD finance:
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Senior term loans of up to USD 15 million in aggregate for up to 5 years tenor.
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Total project cost:
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USD 15 million.
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Environmental impact:
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Alliance Bank will be required to comply with EBRD’s Environmental Procedures
for local banks, including ensuring compliance with the applicable national
environmental, health, safety and labour standards and regulations, adherence
with EBRD’s Environmental Exclusion and Referral Lists and submission of
annual environmental reports to the Bank.
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Technical
cooperation:
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AB will benefit from the KSBP III technical assistance program which is being
supported by USAID and the Japanese government.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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Ms Regina Ogatayeva, Director, SME Department
Tel: + 7 3272 584040 ext. 1181
Fax: +7 3272 596787
Email: rogataeva@alb.kz
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EBRD contact:
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Kanat Jousoupbekov, Operation Leader: jousoupk@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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