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EBRD to allocate 8.61 billion tenge to support business sector in Kazakhstan

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by October 27, 2016 General

The document was signed by First Vice President of the EBRD Philip Bennett, chairman of the JSC Bank CenterCredit Vladislav Lee and Chairman of the Board of JSC Damu Entrepreneurship Development Fund Kanysh Tuleushin.

It is noted that JSC Bank CenterCredit will allocate funds under the guarantee of Damu Fund.

“8.61 billion tenge of the total amount, 6 billion 750 million tenge will be allocated on small and medium business projects and 1 billion 860 million tenge will be provided for Women in Business programme. Loan terms: The maximum amount of the loan – up to 900 million tenge, the loan term – up to 12 months, interest rate – up to 16% per annum,” reported in Baiterek Holding.

It should be reminded that talks with Chairman of JSC Baiterek National Holding Erbolat Dossayev with First Vice President of the European Bank for Reconstruction and Development (EBRD) Philip Bennett was held in Astana.

During the meeting, the parties discussed the issues of cooperation in development of small and medium-sized businesses, attraction of funding in national currency, housing construction financing, cooperation in developing and structuring investment projects, privatization of state assets, as well as development of insurance products.

Source: The Prime Minister of Kazakhstan

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