Attijari Tunisie (IFC-41167)

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 28, 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
Banque Attijari de Tunisie
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)
$ 48.47 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported 40
Converted using 2018-04-30 exchange rate.
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 13, 2018

Disclosed by Bank Apr 27, 2018

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Project Description

The proposed project is a subordinated loan of up to EUR40 million to Banque Attijari de Tunisie. The facility will be earmarked for SMEs as well as for green projects in Tunisia.

Investment Description
  • International Finance Corporation (IFC)
Financial Intermediary
Private Actors
Private Actors Description

The majority shareholder of Attijari Tunisia is Attijariwafa Bank (AWB), a leading bank and financial services group headquartered in Morocco and with presence in North Africa and Francophone West and Central Africa. AWB is listed on the Casablanca Stock Exchange.

Contact Information

Banque Attijari de Tunisie 
Mr. Hicham Seffa 
Chief Exective Officer 
+216 70 012 715 
24 Rue Hedi Karray, Zone Urbaine Nord - 1080 Tunis 
www.attijaribank.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/