Original disclosure @ IFC website
Updated in EWS Mar 2, 2020
Disclosed by Bank Feb 26, 2020
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According to bank provided information, the proposed project consists of a 5-year senior loan of up to US$10 million as well as an Advisory Services component to support National Bank of Iraq’s (NBI) expansion into the underserved small and medium enterprises (SMEs) segment in Iraq – the main drivers of job creation. IFC’s AS/IS comprehensive proposal aims to help increase the financial inclusion of the SME segment, provide capacity building, improve the product offering and strengthen NBI’s lending operations.
The project involves a senior loan of up to US$10 million to NBI for IFC's own account.
NBI’s controlling shareholder is Capital Bank Jordan (CAP), with a 61.85% shareholding and management control. CAP was created in 1995 and has become one of the leading financial institutions in Jordan, offering commercial and investment banking services.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Capital Bank Jordan||Investor||-|
National Bank of Iraq
Mr. Ayman Abu Dhaim
Building – 66 Sadoon St., near Al- Ferdous Square
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