EBRD has opened credit lines for bank CenterCredit (Kazakhstan) for $14 m

/REUTERS, Almaty, Oljas Auezov, May 8, 03/ - European bank of reconstruction and development (EBRD) has presented three credit lines to Kazakhstan bank CenterCredit for the total amount of $14 m. Corresponding agreements were signed on Thursday. EBRD increased line for Kazakhstan bank by $6.0 m. to $12.0 m. Within the framework of the program of small and medium business financing, and also opened lines on trade financing program for $5.0 m. and grain receipts - for $3.0 m. Banks have not informed the terms and other terms of crediting. Assets of bank CenterCredit by the beginning of 2003 were equal to KZT51.0 bn. (about $330 m.), shareholders equity - KZT6.2 bn. [2003-05-08]