EBRD lending up to US$ 200 million to Bank CenterCredit
Kazakhstan, March 17 -- The European Bank for Reconstruction and Development (EBRD) is supporting the development of micro, small and medium-sized enterprises (MSMEs) in Kazakhstan, including those owned or led by young people or women, and helping to improve access to green technologies by providing a financing package of up to US$ 200 million (€172.4 million) in local currency equivalent to the country's third largest commercial lender, Bank CenterCredit (BCC). This is the largest bilateral financing package that the EBRD has ever provided to a bank in Kazakhstan.The package consists of four separate senior loans of up to US$ 50 million (€43.1 million) each:a loan aimed at supporting MSMEs across Kazakhstan, which are the back...
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