FIF - Banque de Tunisie WiB loan (EBRD-50599)

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
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
Dec 12, 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 de Tunisie
The holder of the loan, grant, or other investment.
Sectors
  • Finance
  • Technical Cooperation
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)
$ 11.43 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 EUR 10,000,000.00Loan of EUR 10 million
Converted using 2018-11-07 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Feb 14, 2019

Disclosed by Bank Nov 7, 2018


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Project Description

According to bank documents, this financing involves provision of a senior unsecured WiB loan of EUR 10 million to Banque de Tunisie. The stated objective of the project is for on-lending to eligible women-led micro, small and medium-sized enterprises ("MSMEs") in Tunisia.

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

BT is the 8th largest bank in Tunisia with 5.3% market share and total consolidated assets of EUR 1.9bn as of YE2017.

Contact Information

Ines Trigui
ines.trigui@bt.com.tn 
http://www.bt.com.tn/ 
2, Rue de Turquie, 1001 Tunis, Tunisia

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.