PROJECT

Projects

Summary of Investment Information

Project Number

42607

Company Name

SUMITOMO MITSUI BANKING CORPORATION

Date SPI Disclosed

Apr 24, 2019

Country

Central Europe Subregion

Region

Europe

Projected Board Date

May 28, 2019

Environmental Category

FI-3 - No Impact

Status

Completed

Last Updated Date

Mar 2, 2022

Department

Regional Industry FIG MCT

Industry

Financial Markets

Previous Events

Approved : Jul 19, 2019
Signed : Jul 26, 2019

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 and its affiliates (“SMBC Group”) and IFC would share the risk, on an up to 50-50% basis, in a portfolio of up to US$500 million of senior loans that SMBC Group provides to banks in the Europe and Central Asia (ECA) region. The proposed SMBC ECA RSF II project is a renewal of the existing SMBC ECA RSF transaction

Associated Advisory Engagement

                              

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation