EBRD provides US$ 50 million loan to KMF Bank
Kazakhstan, July 1 -- The European Bank for Reconstruction and Development (EBRD) is deepening cooperation with Kazakhstan's KMF Bank by providing a financing package of up to US$ 50 million (€43.4 million).The financing programme to KMF Bank, an EBRD client since 2005, will consist of:a senior loan of up to US$ 40 million (€34.7 million) for lending to private micro-, small and medium-sized enterprises (MSMEs) that will be disbursed either in US dollars or in Kazakhstan tengea senior loan of up to US$ 10 million (€ 8.7 million) under the EBRD's Kazakhstan Women in Business Programme II. The funds will also be disbursed either in US dollars or in local currency and will be earmarked for supporting businesses led or owned b...
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