Standard Chartered Bank Trade Finance Risk Sharing Facility (IFC-40541)

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 14, 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
STANDARD CHARTERED PLC
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)
$ 1,000.00 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 Feb 12, 2018

Disclosed by Bank Feb 2, 2018


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Project Description

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."

Investment Description
  • International Finance Corporation (IFC)

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.

Private Actors

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.  

Contact Information

Standard Chartered Bank 
Nicolas Langlois 
Managing Director, Transaction Banking 
+65 6596 4121 
nicolas.langlois@sc.com 
Marina Bay Financial Centre8, Marina Boulevard, Level 22 (018981) 
https://www.sc.com/eng 

 

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/