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
Business opportunities
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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.
