CHF-Vitas Lebanon 3 (DFC-CHFVITASLEBANON3)

Countries
  • Lebanon
Where the impacts of the investment may be experienced.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Bank Risk Rating
C
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.
Borrower
Vitas SAL
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)
Guarantee
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 150.00 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)
$ 265.00 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 @ DFC website

Updated in EWS Sep 4, 2019

Disclosed by Bank Nov 18, 2018


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

Project Description

According to bank documents, the project will support the Bank’s plans to expand its branch network in underserved regions, digitize its loan application process and streamline its operations to continue grow market share, better serve clients, and tailor product development. With the expansion of OPIC’s guaranty, the Bank expects to double its total loan portfolio and client base by increasing lending to micro and small enterprises and financially excluded individuals such as women, youth and borrowers located in rural areas.

Investment Description
  • US International Development Finance Corporation (DFC)
Private Actors
  • Vitas SAL -- Financial Intermediary
Contact Information

No contact information provided at the time of disclosure.