This project provides financing to Fransabank through the bank's Green Bond Program, which will be used to finance energy efficiency, renewable energy, and green infrastructure projects in Lebanon.
The Project involves supporting the Bank through the purchase of up to US$ 75 million in multiple issuances out of its GBP over a 2-year period. Bond proceeds will be used to finance long-term green projects in Lebanon.
Fransabank SAL is a private bank established in 1921, with the majority shareholding (80%) being held by the Kassar Family. The German Investment and Development Corporation (DEG) is the second largest shareholder with 5% and the other shareholders of the Bank hold less than 3% each.
Mr. Georges Andraos
Head of International Banking Division
+961 1 3740180
Fransabank Center Hamra Street P.O. Box 11 0393 Beirut, Lebanon
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/