DCM CRT CACIB II (IFC-39675)

Regions
  • World
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Mar 1, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
RISK SHARING FACILITY CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 85.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jan 26, 2018

Disclosed by Bank Jan 24, 2018


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Project Description

The proposed transaction consists of up to US$85 million of un-funded IFC risk participation in an approximate US$2 billion global portfolio of predominantly emerging markets trade finance-related credit assets of Crédit Agricole CIB, the Corporate & Investment Banking arm of Crédit Agricole S.A, (“CACIB”). According to IFC,  the "risk participation will support further growth in CACIB’s trade finance and social projects in emerging markets."











Crédit Agricole CIB, the Corporate & Investment Banking arm of Crédit Agricole S.A, (“CACIB”), offers its clients worldwide a broad range of products and services in capital markets, investment banking, and commercial banking. The bank has a comprehensive and growing business franchise in many emerging markets.


The proposed transaction is expected to have a tenor of up to 5 years and consists of up to US$85 million of un-funded IFC risk participation in an approximate US$2 billion global portfolio of predominantly emerging markets trade finance-related credit assets on CACIB’s balance sheet. This risk participation will support further growth in CACIB’s trade finance and social projects in emerging markets.

Investment Description
  • International Finance Corporation (IFC)

 The proposed IFC investment is up to US$85 million in the form of an un-funded risk sharing facility.  

Private Actors

 CACIB, with a staff over 10,000 employees in 32 countries, is fully-owned by Crédit Agricole S.A., the second largest banking group in France in terms of total assets. CACIB is committed to sustainable finance. Since 2015, it has excluded the financing of new coal-fired plants anywhere in the world, and it is also committed to strongly contribute to the Crédit Agricole’s commitment to mobilize more than EUR 100bn in Green financing by 2020 CACIB is a leading player in the Green, Social and Sustainability Bond market: CACIB structured more than eq. US$50bn of Green, Social and Sustainability Bonds (more than 40% of 2017 international public issuances worldwide) and tops the Green, Social and Sustainability Bond league table 2017 (source : Bloomberg). It enjoys international recognition and was awarded the Overall Most Impressive Bank for Green/SRI Capital Markets  for the 4 th  year running. Likewise, CACIB contributes to the fight against climate change within the context of the five “Mainstreaming Climate Action” principles launched during the 2015 United Nations Climate Change Conference.  

Contact Information

CACIB 
Credit Portfolio Management, Pascale Olivie 
Head of Structuring, Research & Asset Allocation 
12 Place des Etats-Unis, 92120 Montrouge, France 
https://www.ca-cib.com/ 

 

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/