FIF - SGBL - SME loan

Location:

Lebanon

Project number:

49885

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Approval date:

18 Jul 2018

Status:

Repaying

PSD disclosed:

01 May 2018

Translated version of this PSD: Arabic

Project Description

The provision of a loan of USD 50 million to Societe Generale de Banque au Liban ("SGBL").

Project Objectives

The loan will be used to on-lend to micro, small and medium-sized enterprises ("MSMEs") in Lebanon.

Transition Impact

The EBRD loan will increase the availability of finance to micro, small and medium businesses in Lebanon, allowing greater access to finance for this largely underserved segment.

Client Information

SOCIETE GENERALE DE BANQUE AU LIBAN

SGBL is the 5th largest bank in Lebanon with total consolidated assets of USD 21 billion as of December 2017.

EBRD Finance Summary

USD 50,000,000.00

Total Project Cost

USD 50,000,000.00

Environmental and Social Summary

Categorised FI (ESP 2014). SGBL will be required to comply with the Bank's Performance Requirements 2, 4 and 9 and implement the EBRD's Environmental and Social Risk Management Procedures for SME and Micro Loans. The bank will also be required to submit Annual Environmental and Social Reports to the EBRD by completing the EBRD's FI Sustainability Index.

Technical Cooperation

None.

Company Contact Information

Mrs Mona Mroue
mona.mroue@socgen.com
http://www.sgbl.com.lb
Saloumeh Roundabout, Dekwaneh, SGBL building Beirut - Lebanon

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

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.

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