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
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