FIF - QNB Tunisia - SME loan

Location:

Tunisia

Project number:

49391

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Target board date:

20 Jun 2018

Status:

Board Approved

PSD disclosed:

19 Mar 2018

Project Description

Provision of (i) a loan of EUR 50 million to Qatar National Bank - Tunisia ("QNB Tunisia") in order to onlend to micro, small and medium-sized enterprises ("MSMEs") in Tunisia and (ii) a TFP line of EUR 5 million to QNB Tunisia

Project Objectives

The EBRD is considering providing (i) a loan of EUR 50 million to Qatar National Bank - Tunisia ("QNB Tunisia") in order to on-lend to micro, small and medium-sized enterprises ("MSMEs") in Tunisia and (ii) a TFP line of EUR 5 million to QNB Tunisia.

Transition Impact

The EBRD loan will support the enhancement of financing opportunities 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.
The trade finance limit will support QNBT’s documentary operations and will provide a source of funding for pre-export and post-import financing and local distribution of imported goods.

Client Information

QATAR NATIONAL BANK TUNISIA

QNB Tunisia is the 15th largest bank in Tunisia by asset at year end 2017. QNB Tunisia has 1.5% and 1.0% market shares respectively in terms of loans and deposits. QNB Tunisia is a subsidiary of QNB Group.

EBRD Finance Summary

SME loans of EUR 50 million – TND 152m eq.
- 1st tranche: EUR 30m – TND 91m eq.
- 2nd tranche: EUR 20m – TND 61m eq.
TFP line of EUR 5m – TND 15m eq.

Total Project Cost

SME loans of EUR 50 million – TND 152m eq.
- 1st tranche: EUR 30m – TND 91m eq.
- 2nd tranche: EUR 20m – TND 61m eq.
TFP line of EUR 5m – TND 15m eq.

Environmental and Social Summary

Categorised FI. QNB Tunisia 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.

Technical Cooperation

None.

Company Contact Information

Amine Hadjsaid
amine.hadjsaid@qnb.com.tn
Tel : +216 36 005 036
http://qnb.com.tn/
Rue cité des sciences, B.P.320 -1080 Tunis

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