SLGP PPCB Risk Sharing Facility (IFC-40973)

Countries
  • Cambodia
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 16, 2019
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
PPCB RSF
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)
$ 15.00 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 Aug 30, 2019

Disclosed by Bank Apr 16, 2019


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Project Description

According to the bank website, the proposed investment consists of an unfunded 50:50 risk sharing facility (RSF) for a portfolio of up to US$30 million to Phnom Penh Commercial Bank (“PPCBank” or “the Bank”) in Cambodia, and IDA country. The investment aims to help the Bank scale up its lending to local very small enterprises (VSEs) and small and medium enterprises (SMEs).

Investment Description
  • International Finance Corporation (IFC)
Private Actors
Contact Information

Phnom Penh Commercial Bank
Heng Chantha, Director
(855) 23-999-500
h.chantha@ppcb.com.kh
N217, Norodom Blvd, Monivong Tonle Bassac, Khan Chamkamorn, Phnom Penh, Cambodia
www.ppcbank.com.kh

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/