According to IFC's website:
"The project will finance approximately $4.0bn of EM trade finance p.a. and expand trade finance credit to more than 500 companies across countries, over 50% in IDA."
The proposed project will be in an amount up to US$1.0 billion with underlying portfolio of trade finance assets that will be risk-shared by Standard Chartered and IFC on a 50-50% basis.
Headquartered in London, Standard Chartered is a leading international banking group, with more than 80,000 employees, representing 130 nationalities and a 150-year history in some of the world’s most dynamic markets. It is one of the world's most international banks, with over 1,100 branches, offices and outlets in 68 countries across the globe. The group earns around 90% of its income and profits in Asia, Africa and the Middle East across Corporate, Institutional and Retail banking. As of June 30, 2017, Standard Chartered had total assets of US$ 657 billion, and total equity of US$51.3 billion.
Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges as well as the Bombay and National Stock Exchanges in India and ranks among the top 30 companies in the FTSE-100 by market capitalization. As of June 30th, 2017, the major shareholders of Standard Chartered include Temasek Holdings (private) Limited (15.7% stake), Dodge & Cox (5.54% stake), and Blackrock (5.0% stake). All other shareholders own less than 5.0% in the Bank. The bank’s long-term ratings are A / A1 / A+ with stable outlook.
Standard Chartered Bank
Managing Director, Transaction Banking
+65 6596 4121
Marina Bay Financial Centre8, Marina Boulevard, Level 22 (018981)
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/