EBRD ready to finance business in Astana

ASTANA. November 4. KAZINFORM /Gulnara Zhandagulova/ The European Bank for Reconstruction and Development familiarized Astana businessmen with its financing conditions, the pres service of the Mayor reports.

The EBRD offers businessmen medium-term loans (3-6 years) for equipment purchasing, construction of new production capacities, replenish working capital, etc, as well as financial restructuring, investing in equity.

According to Senior Banker of the manufacturing and services department Seitzhan Yermekbayev, unlike second-tier banks the EBRD invests projects in order to help in development and implementation rather than to receive margin.

"About 77% of the EBRD financing is invested into the private sector. Alongside with financing we render legal assistance as well. The EBRD doesn't enter the company's capital more than 50%", the Banker explained.

The EBRD considers every project on an individual basis, estimating return and perspective viability and weighing the risks. The Bank finances the projects costing over EUR 10 mln.