QNB Tunis SME - SEF (IFC-40180)

Countries
  • Tunisia
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
May 10, 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
QATAR NATIONAL BANK OF TUNISIA
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 Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 50.00 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 Apr 3, 2018

Disclosed by Bank Mar 23, 2018


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

The proposed Project is a senior loan of up to US$50 million to finance Qatar National Bank Tunisia (the “Bank”). Proceeds of the senior loan will be used to finance Tunisian SMEs and long-term sustainable energy financing projects.

Investment Description
  • International Finance Corporation (IFC)
Private Actors

Qatar National Bank Tunisia is a private bank with 99.96% of its shares held by Qatar National Bank. 

Contact Information

QNB Tunisia 
Mr. Habib Chehata 
Chief Executive Officer 
+216 36 00 50 00 
Rue Cite des Sciences BP. 320 – 1080 Tunis Cedex 
www.qnb.com.tn 

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/