DCM TMB SMEGreen (IFC-41118)

Countries
  • Thailand
Where the impacts of the investment may be experienced.
Specific Location
Bangkok
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Active
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 11, 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
TMB BANK PUBLIC COMPANY LIMITED
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.
Loan Amount (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jan 15, 2019

Disclosed by Bank Jun 5, 2018


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Project Description

According to the IFC website, the project entails an IFC’s subscription of up to US$150 million in USD denominated bonds to be issued by TMB Bank Public Company Ltd. (TMB or the Bank) to finance SMEs and eligible “green” projects (the Project). TMB is the seventh largest bank in Thailand, both in terms of assets and loans, and has been an IFC client since 2012. The Project will support the Bank’s ongoing efforts to increase its lending portfolio to SMEs, an important sector that drives economic growth and employment, and to promote climate-smart and other environmentally sustainable investments in the country.

 

Investment Description
  • International Finance Corporation (IFC)
Private Actors

TMB is the seventh largest bank in Thailand, both in terms of assets and loans, and has been an IFC client since 2012. The Project will support the Bank’s ongoing efforts to increase its lending portfolio to SMEs, an important sector that drives economic growth and employment, and to promote climate-smart and other environmentally sustainable investments in the country.

Contact Information

TMB Bank Public Company Limited
Mr. Chalermchai Paisithmongkol
Head of Balance Sheet Management and/or Head of Central Treasury
+66 2299 1111
chalermchai.pai@tmbbank.com
3000 Phahonyothin Road, Chompon, Chatuchak, Bangkok 10900 THAILAND
http://www.tmbbank.com

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/