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08.12.2003 00:00

EBRD gave credits for $45 m. to three Kazakhstan banks

/REUTERS, Almaty, December 8, 03/ - European bank for reconstruction and development (EBRD) gave credit equaling to $25 m. to Kazakhstan largest Kazkommertsbank for financing agriculture and opened lines to banks TuranAlem and CenterCredit for small and medium business crediting $10 m. each, informed the bank.

Necessary agreements were signed on Saturday.

EBRD, which is minority shareholder of Kazkommertsbank and bank TuranAlem, has not informed about rates and terms of crediting.

[2003-12-08]