According to the Bank's website, this project finances a risk-sharing facility between IFC and Sumitomo Mitsui Banking Corporation Group in a portfolio of up to US$500 million of senior loans that the borrower will provide to banks in the Europe and Central Asia region.
This project is categorised FI-3; a low risk financial institution investment.
The proposed project is expected to provide financing to key financial intermediaries in the ECA region. Indirectly, this increased capacity will also improve the availability of credit to local producers and importers along the value chain and in a wide variety of sectors. IFC's support is much needed in the region to help financial intermediaries build capacity for their funding needs.
The project will be in a total amount up to US$500 million. Sumitomo Mitsui Banking Corporation Group will retain at least 50% of the total portfolio exposure, while IFC and its program partners will take the risk of the remaining 50% or up to US$250 million.
No contact information available at time of writing.
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