FIF - Banque de Tunisie WiB loan

Location:

Tunisia

Project number:

50599

Business sector:

Financial institutions

Notice type:

Private

Target board date:

12 Dec 2018

Status:

In Exploratory, Pending Final Review

PSD disclosed:

07 Nov 2018

Project Description

Provision of a senior unsecured WiB loan of EUR 10 million to Banque de Tunisie ("BT").

Project Objectives

On-lending to eligible women led micro, small and medium-sized enterprises ("MSMEs") in Tunisia.

Transition Impact

The EBRD loan will support the women-led MSME market segment and help alleviate the large gender inclusion gaps that were identified in Tunisia in terms of access to finance and employment & business.

Client Information

BANQUE DE TUNISIE

BT is the 8th largest bank in Tunisia with 5.3% market share and total consolidated assets of EUR 1.9bn as of YE2017.

EBRD Finance Summary

EUR 10,000,000.00

Loan of EUR 10 million

Total Project Cost

EUR 10,000,000.00

Up to EUR 10 million

Environmental and Social Summary

Categorised FI (ESP 2014). BT is an existing client of the Bank, has adopted an Environmental Policy and Environmental and Social Procedures that meet requirements of Performance Requirement 9 and has human resource management and health and safety systems in compliance with PRs 2 and 4. BT will need to apply their environmental and social procedures to the WiB loan and all sub-loans funded out of EBRD funds, and ensure that sub-borrowers comply with national requirements for environment, health and safety and labour standards.

Technical Cooperation

Financing to BT will be complemented by a technical cooperation programme to provide capacity building for the development of skills, better understanding and financial services tailored to the needs of women-led SMEs.

The TC component is expected to be funded through the EBRD Shareholder Special Fund SEMED.

The TC to women-led SMEs component will be funded by the European Union under the EU Programme d'Appui sur la Competitivite des Services ("PACS") and the EU SEMED Financial Inclusion Programme ("FIP").

Company Contact Information

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

 

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