Regional TFP: QNB Tunisia

Location:

Tunisia

Project number:

49392

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Target board date:

20 Jun 2018

Status:

Board Approved

PSD disclosed:

11 Jul 2018

Project Description

Provision of a TFP line of EUR 5 million to QNB Tunisia.

Project Objectives

The EBRD is considering providing a TFP line of EUR 5 million to QNB Tunisia.

Transition Impact

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

EUR 5,000,000.00

TFP line of EUR 5 million - TND 15 million eq.

Total Project Cost

EUR 5,000,000.00

TFP line of EUR 5 million - TND 15 million eq.

Environmental and Social Summary

Categorised FI. For the TFP line, QNBT will be required to implement the EBRD's E&S Guidelines for Trade Finance.

Technical Cooperation

None.

Company Contact Information

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

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