A loan of EUR 30 million to Union Bancaire pour le Commerce et l'Industrie S.A. ("UBCI").
The loan will be used to on-lend to micro, small and medium-sized enterprises ("MSMEs") in Tunisia.
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.
UNION BANCAIRE POUR LE COMMERCE ET L'INDUSTRIE
UBCI is the 10th largest bank in Tunisia with total consolidated assets of EUR 1.4 billion as of December 2016.
EBRD Finance Summary
Total Project Cost
Environmental and Social Summary
Categorised FI. UBCI will be required to comply with the Bank's Performance Requirements 2 and 9 and the EBRD's Environmental and Social Procedures for Small and Micro Loans. The bank will also be required to submit annual environmental and social reports to the EBRD.
Company Contact Information
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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Text of the PIP
Project Complaint Mechanism (PCM)
The EBRD has established the Project Complaint Mechanism (PCM) to provide an opportunity for an independent review of complaints from one or more individuals or from organisations concerning projects financed by the Bank which are alleged to have caused, or likely to cause, harm.
Any complaint under the PCM must be filed in accordance with the timeframes prescribed in the PCM Rules of Procedure. You may contact the PCM Officer (at firstname.lastname@example.org) for assistance if you are uncertain as to the eligibility of your complaint.