The European Bank for Reconstruction and Development (EBRD), a UK-based development finance institution, is reviewing a proposal to invest KZT 15 billion (USD 100 million) in the Subsidiary Bank Sberbank of Russia Joint Stock Company (SBK) in Kazakhstan, a commercial banking subsidiary of Sberbank of Russia, to increase financial access for micro-, small and medium-sized enterprises (MSMEs) in Kazakhstan. The EBRD board of directors will consider the proposal in July 2013. [1]
As of May 2013, SBK reported total assets of USD 5.6 billion. Information on the number of clients, gross loan portfolio, deposits, return on assets (ROA) and return on equity (ROE) are not available for SBK. As of 2012, Sberbank reported total assets of RUB 15.1 trillion (USD 470 billion), a gross loan portfolio of RUB 5.2 trillion (USD 162 billion), deposits of RUB 4.1 trillion (USD 128 billion), return on assets (ROA) of 2.7 percent and return on equity (ROE) of 24.2 percent. In 2012, EBRD invested EUR 8.7 billion (USD 11.4 billion) in 34 countries.
By Meghan Gillis, Research Associate
About Sberbank Kazakhstan
Subsidiary Bank Sberbank of Russia Joint Stock Company (SBK) is a Kazakhstani commercial bank subsidiary of Sberbank Russia. As of May 2013, SBK reported total assets of USD 5.6 billion. Information on number of clients, gross loan portfolio, deposits, active borrowers, return on assets (ROA) and return on equity (ROE) are not available.
About European Bank for Reconstruction and Development
The European Bank for Reconstruction and Development (EBRD) is a multilateral institution headquartered in London. The bank began operations in 1991 upon the agreement of 40 countries and is now owned by 61 countries as well as the European Investment Bank and the European Union. It aims to finance operations that are both commercially viable and assist development in 34 countries in Eastern Europe, Central Asia and North Africa. It does this by providing loans, debt securities, equity investments, guarantees and technical assistance to micro- and small businesses via commercial banks and non-bank microfinance institutions (MFIs). In 2012, EBRD invested EUR 8.7 billion (USD 11.4 billion) in 34 countries.
About Sberbank of Russia
Sberbank of Russia is a government-owned commercial bank based in Moscow. Sberbank serves 101 million clients in Belarus, Kazakhstan, Russia, Turkey and Ukraine. As of 2012, Sberbank reported total assets of RUB 15.1 trillion (USD 470 billion), a gross loan portfolio of RUB 5.2 trillion (USD 162 billion), deposits of RUB 4.1 trillion (USD 128 billion), return on assets (ROA) of 2.7 percent and return on equity (ROE) of 24.2 percent.
Sources and Additional Resources
[1] European Bank for Reconstruction and Development Story: “Sberbank Kazakhstan (‘SBK’) MSME Loan,” http://www.ebrd.com/pages/project/psd/2013/42678.shtml
MicroCapital story, June 9, 2013, “MICROCAPITAL BRIEF: IFC Loans $70m to SB Sberbank of Kazakhstan to Support Small, Medium-Sized Enterprises (SMEs),” https://www.microcapital.org/microcapital-brief-ifc-loans-70m-to-sb-sberbank-of-kazakhstan-to-support-small-medium-sized-enterprises-smes/
MicroCapital story, May 13, 2013, “MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD), European Union Commit $25m to Kyrgyz Sustainable Energy Financing Facility (KyrSEFF),” https://www.microcapital.org/microcapital-brief-european-bank-for-reconstruction-and-development-ebrd-european-union-commit-25m-to-kyrgyz-sustainable-energy-financing-facility-kyrseff
MicroCapital story, March 8, 2013, “MICROCAPITAL BRIEF: EBRD Plans $200m to Expand Turkish Sustainable Energy Finance Facility (TurSEFF) for Small and Medium-sized Enterprises, Private Households,” https://www.microcapital.org/microcapital-brief-ebrd-plans-200m-to-expand-turkish-sustainable-energy-finance-facility-turseff-for-small-and-medium-sized-enterprises-private-households/
MicroCapital story, November 14, 2012, “MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Lends $70m to Garanti Bank of Turkey, Hipotekarna Banka of Montenegro, Bai Tushum of Kyrgyz Republic,” https://www.microcapital.org/microcapital-brief-european-bank-for-reconstruction-and-development-ebrd-lends-70m-to-garanti-bank-of-turkey-hipotekarna-banka-of-montenegro-bai-tushum-of-kyrgyz-republic-2/
MicroCapital story, August 6, 2012, “MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Extends Credit Line to Turkey’s Vakiflar Bankasi (Vakifbank) Worth $25m,” https://www.microcapital.org/microcapital-brief-european-bank-for-reconstruction-and-development-ebrd-extends-credit-line-to-turkeys-vakiflar-bankasi-vakifbank-worth-25m/
MicroCapital Universe Profile: European Bank for Reconstruction and Development (EBRD)
MicroCapital Universe Profile: Subsidiary Bank Sberbank of Russia Joint Stock Company (Sberbank Kazakhstan)
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