The European Bank for Reconstruction and Development (EBRD) is supporting small and medium-sized enterprises (SMEs) in Kazakhstan by providing fresh funds jointly with its financial intermediaries. The Bank will share up to 50 per cent of risk on a KZT 450 million (around US$1.1 million) loan provided by its long-term partner Bank CenterCredit to the local packaging producer INTELLPACK.

This is the first transaction of this type signed by the EBRD in Kazakhstan under the Risk Sharing Facility between the EBRD and Bank CenterCredit. The loan will be used to help INTELLPACK complete the renovation of a warehouse facility, enhance operations in its principal business location in Almaty and to finance working capital needs