SCBPL RPF II (IFC-50606)

Countries
  • Pakistan
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
Standard Chartered Bank (Pakistan) Limited
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 200.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 400.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS May 21, 2025

Disclosed by Bank Mar 18, 2025

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the proposed project is an un-funded 50:50 IFC risk participation facility of up to US$400 million in equivalent PKR with Standard Chartered Bank Pakistan Limited (“SCBPL”), with IFC's maximum risk coverage capped at US$200 million (in equivalent PKR). The purpose of the Project is to support SCBPL’s trade and short-term working capital finance to eligible clients, which will enhance access to finance for SMEs linked to domestic supply chains.                                                   

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

The Project is categorized as Category FI-2, and is an unfunded risk participation in a local currency denominated portfolio to support SCBPL’s trade and short-term working capital finance to eligible clients and its trade-related supply chain finance program in Pakistan.

 

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

The Project will be an unfunded risk participation facility on a portfolio of up to US$ 400 million equivalent in local currency (PKR), where the exposure will be shared on a 50:50 basis between IFC and SCBPL. The underlying portfolio will support SCBPL’s trade and short-term working capital finance to eligible clients in Pakistan.

Financial Intermediary
A financial intermediary is a bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Standard Chartered PLC, with 99% stake, is the ultimate holding company of SCBPL. Standard Chartered PLC is a global banking and financial services company headquartered in London. Focused on emerging markets, Standard Chartered PLC leverages its expertise via a current network of over 1,000 branches across 52 markets and over 83,000 employees. It is listed on the London, Hong Kong, Bombay (Mumbai) and India’s National stock exchanges, and ranks among the top 30 companies in the FTSE-100 by market capitalization. The major shareholders of Standard Chartered PLC currently include Temasek Holdings (Private) Limited (17.0% stake) and BlackRock Inc (5.6%). All other shareholders currently own less than 5.0% of the Bank.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Standard Chartered Bank Parent Company -

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Standard Chartered Bank Pakistan Limited
Arslan Nayeem
MD & Country Head CCIB Coverage
+922132450253
arslan.nayeem@sc.com
SCB Head Office, I. I. Chundrigar Road, Karachi
https://www.sc.com/pk/

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

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

How it works

How it works