Halyk Bank was the first among the STBs of Kazakhstan to start providing a green loan, confirmed by an independent assessment of the AIFC Green Finance Centre

Halyk Bank was the first among the second-tier banks in Kazakhstan to start providing financing under the loan Agreement on green lending with “Kaz Green Energy” LLP. The company is implementing a project for the construction of a 5 MW bioelectric power plant in the Karaganda region, Zhezkazgan, Kengir village, verified by an independent party – the AIFC Green Finance Centre.

“The Bank and its subsidiaries actively financing and supporting the clients and partners projects related to the green economy. It is very important that for the first time in Kazakhstan, the “green” project received an independent assessment. As part of the new development strategy of the Halyk Group, we intend to continue to pay special attention to the development of projects that correspond to the execution of key tasks within the ESG framework of the Bank and the development of specialized financial products” – said Umut Shayakhmetova, Chairman of the Management Board of Halyk Bank.

The project provides for the creation of a complex for the reception and processing of solid household waste (SHW) of the population, primarily biomass and their conversion into electricity. The construction of the power plant is based on the use of a unique innovative technology for processing SHW using a pyrolysis thermochemical system to obtain the main product – biogas with subsequent electricity generation.

“Kaz Green Energy” LLP, which is part of the Kazakhmys Holding Fuel and Energy Complex, will receive financing from Halyk Bank for a total amount of 7.9 billion tenge. The AIFC Green Finance Centre has developed an external assessment of this project, according to which the internal documents of Kaz Green Energy, including the Green Finance Policy, fully comply with the Principles of Green Lending LMA (Loan Market Principles) and LSTA (Loan Syndications and Trading Association).

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Astana International Financial Centre was established on the initiative of the First President of the Republic of Kazakhstan – Elbasy Nursultan Nazarbayev as part of the National Plan “100 steps to implement five institutional reforms”.

On July 2, 2020, as part of the meeting of the AIFC Management Council, the Center’s Development Strategy was adopted until 2025. According to it, the vision of the AIFC is to become a leading international financial centre in the region, including Central Asia, the Caucasus, the EAEU countries, Western China, Mongolia and Eastern Europe.

The mission of AIFC is to promote the sustainable long-term development of the region. As the Head of State noted, K.Tokayev, “The AIFC with its unique capabilities can act as a universal platform connecting the countries of the region.” aifc.kz

Halyk Bank of Kazakhstan (HALYK Bank) is a leading financial group in Kazakhstan operating in various segments, including retail, SME and corporate banking services, insurance, leasing, brokerage services and asset management. The Bank has been listed on the Kazakhstan Stock Exchange since 1998, on the London Stock Exchange since 2006 and on the Astana International Exchange since October 2019.

With assets in the amount of KZT 11,002.4 billion as of June 30, 2021, the Bank is the leading credit institution in Kazakhstan. The Bank has the largest customer base and branch network – 592 branches and branches across the country. The Bank also operates in Georgia, Kyrgyzstan, Russia and Uzbekistan.

PR-service of JSC “Halyk Bank of Kazakhstan”

tel. +7 727 330 17 19 , / [email protected] | www.halykbank.kz

«Kaz Green Energy» LLP is a part of the Kazakhmys Holding fuel and energy complex, the main activity is the implementation of projects in the field of renewable energy sources, established in 2014. According to the strategic plan, the construction of green energy facilities with a total capacity of 350 MW is envisaged. The first implemented project of KAZAKHMYS Group is the Kengir Solar Power Plant with a capacity of 10 MW.

tel. +7 7212 559939, | [email protected]

The AIFC Green Finance Centre is a subsidiary organisation of the AIFC Authority and the Eurasian Development Bank, aimed at introduction and development of sustainable finance instruments and attracting of investments in environmental and social projects in Kazakhstan and Central Asia.

The AIFC Green Finance Centre supported the very first issuance of green bonds and first verified green loan in Kazakhstan. Also, the Centre introduced definitions of green finance and green taxonomy (a classifier of economic activities and projects that meet technical selection criteria) in the national environmental legislation. The new legislation provides incentives for entrepreneurs who use green finance instruments. gfc.aifc.kz