AARC supported the Asian Development Bank (ADB) in facilitating the third tranche of $225 million to support a Small and Medium Sized Enterprise Investment Program in Kazakhstan. AARC undertake an assessment of selected participating financial institutions and their eligibility to access the funding tranche across a number of key financial parameters including for:

  • Financial soundness as evidenced by adequate capital, asset
  • Quality, liquidity, and profitability
  • Adequate credit and risk management policies, operating systems, and procedures
  • Compliance with prudential regulations, including exposure limits; acceptable corporate and financial governance and management practices including, among other things, transparent financial disclosure policies and practices 
  • Sound business objectives and strategy and/or plan
  • Outreach of financial services through branch network and electronic banking