PROJECT

Projects

Summary of Investment Information

Project Number

41118

Company Name

TMB THANACHART BANK PUBLIC COMPANY LIMITED

Date SPI Disclosed

Jun 5, 2018

Country

Thailand

Region

East Asia and the Pacific

Projected Board Date

May 11, 2018

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Apr 5, 2025

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Previous Events

Approved : May 11, 2018
Signed : May 17, 2018
Invested : Jun 5, 2018

Sector

Commercial Banking - General

Project Description

 The project entails an IFC’s subscription of up to US$150 million in USD denominated bonds to be issued by TMB Bank Public Company Ltd. (TMB or the Bank) to finance SMEs and eligible “green” projects (the Project).

 

TMB is the seventh largest bank in Thailand, both in terms of assets and loans, and has been an IFC client since 2012. The Project will support the Bank’s ongoing efforts to increase its lending portfolio to SMEs, an important sector that drives economic growth and employment, and to promote climate-smart and other environmentally sustainable investments in the country.

Associated Advisory Engagement

 An AS engagement will also be explored to assist the Bank with climate asset capacity building. 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation