FIF - Banque de Tunisie - SME loan II

Country:

Tunisia

Project number:

49541

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Target board date:

13 Dec 2017

Status:

In Exploratory, Pending Final Review

PSD disclosed:

10 Nov 2017

Project Description

The provision of a loan of EUR 50 million to Banque de Tunisie ("BT").

Project Objectives

The loan will be used to on-lend to micro, small and medium-sized enterprises ("MSMEs") in Tunisia.

Transition Impact

The EBRD loan will increase the availability of finance to micro, small and medium businesses in Tunisia, allowing greater access to finance for this largely underserved segment in a market where lending is restricted by liquidity constraints.

Client Information

BANQUE DE TUNISIE

Banque de Tunisie is the 8th largest bank in Tunisia with total consolidated assets of EUR 2.1 billion as of June 2017.

EBRD Finance Summary

EUR 50,000,000.00

Total Project Cost

EUR 50,000,000.00

Environmental and Social Summary

Categorised FI (ESP 2014). BT will be required to comply with the Bank's Performance Requirements 2, 4 and 9 and implement the EBRD's Environmental and Social Risk Management Procedures for SME and Micro Loans. The bank will also be required to submit Annual Environmental and Social Reports to the EBRD by completing the EBRD's FI Sustainability Index.

Technical Cooperation

None.

Company Contact Information

Mrs Ines Trigui
ines.trigui@bt.com.tn
http://www.bt.com.tn/
2, Rue de Turquie, 1001 Tunis, Tunisia

Business opportunities

For business opportunities or procurement, contact the client company.

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Text of the PIP

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Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (pcm@ebrd.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.