SLGP Bred Fiji (IFC-51768)

Countries
  • Fiji
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
Approved
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."
Voting Date
Dec 9, 2025
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
BRED Bank Fiji SLGP RSF
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Guarantee
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 6.00 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)
$ 12.00 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 Dec 27, 2025

Disclosed by Bank Nov 5, 2025

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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 investment is an unfunded risk sharing facility (RSF) for a portfolio of receivables to small and medium enterprises (SMEs), to be originated by BRED Bank Fiji Pte Ltd (BBF or the Bank). IFC and BBF will equally share the risk of the total portfolio ofup to US$12 million equivalent to be committed, where the maximum IFC investment size is up toUS$6 million equivalent, to support the growth of BBF's SMEsportfolio in Fiji (the Project). The proposed investment wouldbe processed under the small loan guarantee program (SLGP),to de-risk and scale-up financing for SMEs in eligible countries.

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 entails an unfunded risk sharing facility (RSF) under the Small Loan Guarantee Program to support BRED Bank Fiji (BBF)’s lending toward small and medium enterprises (SMEs) in Fiji. BBF’s current clients concentrate in sectors including real estate; wholesales, retail, hotels and restaurant; and transport and storage. While BBF has exposure in the corporate and other business segments, this project provides financial support only to the bank’s SME lending activities. Overall E&S risk and impacts of the project is therefore expected to be medium and the project has been categorized as FI-2 in accordance with IFC's Sustainability Policy.

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

The proposed investment is an RSF to cover an SMEs portfolio to be originated by the Bank of up to US$12 million equivalent. IFC will provide guarantee of up to US$6 million equivalent, or 50% of the eligible portfolio.

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.

Established in 2012, BRED Bank Fiji (BBF) is one of the six licensed commercial banks operating withinFiji, with an estimated market share of around 15% in terms of loan portfolio as of November 2023.BBF's shareholders are: (i) Cofibred (BRED's holding arm of subsidiaries outside France); and (ii) New Caledonian Investment Bank which own 90% and 10% of BBF's stake, respectively.BRED is a part of Groupe BPCE, the second-largest banking group in France and one of theGlobal Systemically Important Banks, rated A+ (S&P), A1 (Moody's), and A+(Fitch).


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.

BRED Bank (Fiji) Pte Limited
Gaelle Astier
Head of Credit
+679 310 0222
gaelle.astier@bred.com.fj
Level 5, Ra Marama House, 91 Gordon Street, Suva, Fiji
https://bred.com.fj/

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