FIF - UIB SME Loan

Location:

Tunisia

Project number:

49259

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Target board date:

20 Jun 2017

Status:

Disbursing

PSD disclosed:

23 May 2017

Translated version of this PSD: French

Project Description

A senior loan of up to EUR 40 million to Union Internationale de Banques ("UIB").

Project Objectives

The EBRD loan will assist UIB in developing its SME lending activities and expand access to finance for underserved private SMEs.

Transition Impact

The EBRD loan will increase the availability of finance to private SMEs in Tunisia, allowing greater access to finance for this largely underserved segment.

Client Information

UNION INTERNATIONALE DE BANQUES

UIB is the seventh largest bank in Tunisia by loans with a loan portfolio of EUR 1.7 billion at YE2016.

UIB has market shares of 6.9% and 6.5% in terms of loans and deposits, respectively. It is a subsidiary of Societe Generale SA.

EBRD Finance Summary

EUR 40,000,000.00

Total Project Cost

EUR 40,000,000.00

Environmental and Social Summary

Categorised FI (2014). UIB will be required to comply with PRs 2, 4 & 9. Under the SME Loan the client will be required and apply the EBRD's E&S Procedures for Corporate and Small Loans and submit annual environmental and social reports to the EBRD.

Technical Cooperation

None.

Company Contact Information

Imen Ellili Saibi
Imen.SAIBI@uib.com.tn
(+216) 71 219 056
http://www.uib.com.tn/
Rue du Lac Turkana 1053 Les Berges du Lac Tunis, Tunisia
 

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