Amen Bank – SME Loan

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 46894

Status Cancelled

Location

Tunisia

Business Sector

Financial Institutions

Notice Type

Private

Project ID 46894

Status Cancelled

Location

Tunisia

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Disclosure date

24 Aug 2015

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Translated version of this PSD: French

Project Description

The EBRD is considering providing a senior loan of up to EUR 40 million to Amen Bank to be disbursed in two tranches for on-lending to micro, small and medium-sized enterprises (“MSMEs”) in Tunisia.

Transition Impact

The proposed loan will increase longer-term funding available to Tunisian MSMEs through the provision of loans by Amen Bank in a market facing liquidity constraints. The loan will also be supported by technical cooperation targeted at enhancing risk management know-how at Amen Bank.

The Client

Amen Bank is the second largest bank in Tunisia with total assets of EUR 3.5bn at YE2014 and a lending market share of c. 13%. It provides a wide range of corporate and retail banking services throughout the country through its 155 branches.

EBRD Finance

Senior unsecured loan of up to EUR 40 million

Project Cost

Up to EUR 40 million to be provided in euros.

Environmental and social categorisation, impact, and mitigation

Categorised FI (2014 ESP). Environmental and Social Due Diligence of Amen Bank confirmed the client’s compliance with Performance Requirements 2, 4 and 9. Amen Bank will be required to continue to comply with the PRs, adopt and implement the EBRD's E&S Procedures for Corporate, Small and Micro Loans and submit Annual Environmental and Social Reports to the Bank.

Technical Cooperation

The SME loan will be accompanied by capacity building technical cooperation to assist Amen Bank in strengthening its risk management skills. The expected donor funding source is the SEMED Multi-Donor Account and the EBRD Shareholder Special Fund.

Company Contact

Julia Flaig, Associate Banker, Financial Institutions Group, EBRD

flaigj@ebrd.com

Transition impact

ETI Score:60

PSD last updated

21 Jan 2019

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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