Provision of a senior unsecured SME loan of EUR 30 million to Banque de Tunisie ("BT").
The objective is 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.
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
Loan of EUR 30 million.
Total Project Cost
Up to EUR 30 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 MSME loans 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.
Company Contact Information
2, Rue de Turquie, 1001 Tunis, Tunisia
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