PROJECT

Projects

Summary of Investment Information

Project Number

39529

Company Name

SUMITOMO MITSUI BANKING CORPORATION

Date SPI Disclosed

May 12, 2017

Country

Central Europe Subregion

Region

Europe

Projected Board Date

Jun 30, 2017

Environmental Category

FI-3 - No Impact

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Regional Industry - FIG - ECA

Industry

Financial Markets

Previous Events

Approved : Jun 12, 2017
Signed : Jun 14, 2017

Sector

Commercial Banking - Trade and Supply Chain

Project Description

The Project is a three-year, unfunded risk sharing facility (the “Facility”) whereby Sumitomo Mitsui Banking Corporation (“SMBC”) and IFC would share the risk, on an up to 50-50% basis, in a portfolio of up to US$450 million of senior loans that SMBC provides to banks in the Europe and Central Asia (ECA) region.

Associated Advisory Engagement

N/A

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation