FIF - UBCI SME loan II

Location:

Tunisia

Project number:

49241

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Approval date:

13 Dec 2017

Status:

Repaying

PSD disclosed:

12 Jun 2017

Translated version of this PSD: French

Project Description

A loan of EUR 30 million to Union Bancaire pour le Commerce et l'Industrie S.A. ("UBCI").

Project Objectives

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

Transition Impact

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.

Client Information

UNION BANCAIRE POUR LE COMMERCE ET L'INDUSTRIE

UBCI is the 10th largest bank in Tunisia with total consolidated assets of EUR 1.4 billion as of December 2016.

EBRD Finance Summary

EUR 30,000,000.00

Total Project Cost

EUR 30,000,000.00

Environmental and Social Summary

Categorised FI. UBCI 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

Sana Nouira
sana.nouira@bnpparibas.com
http://www.ubci.tn/
139, Avenue de la Liberté, 1001 Tunis, Tunisia

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)

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Text of the PIP

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