FIF - QNB Tunisia - SME loan (EBRD-49391)

Countries
  • Tunisia
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
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
Jun 6, 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
Qatar National Bank - Tunisia
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)
$ 50.00 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)
$ 90.10 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 @ EBRD website

Updated in EWS Jan 28, 2019

Disclosed by Bank Mar 19, 2018


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Project Description

Provision of a loan of USD 50 million to Qatar National Bank - Tunisia ("QNB Tunisia") in order to onlend to micro, small and medium-sized enterprises ("MSMEs") in Tunisia.

Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Private Actors

QATAR NATIONAL BANK TUNISIAQNB Tunisia is the 15th largest bank in Tunisia by asset at year end 2017. QNB Tunisia has 1.5% and 1.0% market shares respectively in terms of loans and deposits. QNB Tunisia is a subsidiary of QNB Group.

Contact Information

Amine Hadjsaid
amine.hadjsaid@qnb.com.tn 
Tel : +216 36 005 036
http://qnb.com.tn/ 
Rue cité des sciences, B.P.320 -1080 Tunis

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.