PROJECT

Projects

Summary of Investment Information

Project Number

34320

Company Name

FRANSABANK SAL

Date SPI Disclosed

Mar 13, 2014

Country

Lebanon

Region

Middle East

Projected Board Date

Apr 18, 2014

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Apr 9, 2026

Department

Global Industry, Financial Markets

Industry

Financial Markets

Previous Events

Approved : Apr 28, 2014
Signed : May 2, 2014
Invested : Sep 22, 2015

Sector

Commercial Banking - General

Additional Project Attributes

Blended Finance

Project Description

The proposed project consists of providing up to US$ 30 million of long-term Sustainable Energy Financing (“SEF”) to Fransabank S.A.L. (“the Bank”), a systemic bank in Lebanon.

The project will be dedicated to providing the Bank with the needed long-term financing to build a SEF loan portfolio. The Facility will be used for financing investments in projects that will result in an increase of energy efficiency or generation of renewable energy in Lebanon. The project includes an Advisory Services Program designed to help the Bank develop a strategy and products to effectively expand SEF lending in Lebanon.

IFC is considering supporting the project with financing from the Canada Climate Change Program, a donor-funded facility for climate change friendly projects.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation