CIL Tunisia - MSME Credit Line

Location:

Tunisia

Project number:

45638

Business sector:

Leasing Finance

Notice type:

Private

Environmental category:

FI

Target board date:

12 Mar 2014

Status:

Repaying

PSD disclosed:

13 Mar 2014

Translated version of this PSD: French

Project Description

The EBRD is considering providing a senior unsecured loan of up to EUR 15 million to Compagnie Internationale de Leasing (“CIL”) to on-lend to micro, small and medium-sized enterprises (MSMEs) in Tunisia.

Transition Impact

The proposed project will increase the access to funding to MSMEs in Tunisia in a context of liquidity constraints. The project also will help CIL enhance its risk management and corporate governance, as well as in the gradual implementation of IFRS.

The Client

CIL is the 4th largest leasing company in Tunisia by the leasing portfolio with total assets of EUR 176 million as of 30 June 2013 and is the largest independent leasing company (non-affiliated with a bank).

EBRD Finance

Senior unsecured loan of up to EUR 15 million.

Project Cost

Up to EUR 15 million to be provided in euros.

Environmental Impact

Categorised FI. CIL will be required to comply with the EBRD's Performance Requirements 2 and 9, implement the Bank’s E&S Procedures for Corporate Lending and submit Annual Environmental and Social Reports to EBRD.

Technical Cooperation

CIL will benefit from TC to improve its risk management, corporate governance and assistance to introduce IFRS.

For consultant opportunities for projects financed by technical cooperation funds, visit procurement of consultants.

 

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

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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.