EBRD and partner banks improve local companies’ access to finance
The European Bank for Reconstruction and Development (EBRD) has joined forces with partner banks in Central Asia, eastern Europe and the Western Balkans to boost private-sector finance to local companies.

The Bank is participating in nine loans, worth a total of US$38 million, extended by partner banks through the EBRD’s Risk Sharing Framework (RSF). Under the RSF, the partner banks will channel much-needed funds to and create new growth opportunities for local enterprises. The loans will support the working-capital needs of domestic businesses, help them expand their operations and improve their climate resilience.

The EBRD is sharing the risk on a US$ 2.2 million equivalent loan provided by Kazakhstan’s Bank CenterCredit to Viva Pharm, a manufacturer and distributor of pharmaceuticals, to help expand its production. In another joint transaction with Bank CenterCredit, the EBRD will share up to 50 per cent of the risk on a US$ 1.1 million local-currency equivalent loan to packaging producer Intellpack. It will use the financing to fund capex investments in its production line, enhancing the company’s resource and energy efficiency.