PROJECT

Projects

Summary of Investment Information

Project Number

45905

Company Name

SUMITOMO MITSUI BANKING CORPORATION

Date SPI Disclosed

Sep 17, 2021

Country

World Region

Region

Global

Projected Board Date

Sep 9, 2021

Environmental Category

FI-2 - Limited

Status

Pending Disbursement

Last Updated Date

Jun 8, 2023

Department

Global Industry, Financial Markets

Industry

Financial Markets

Previous Events

Approved : Sep 9, 2021
Signed : Mar 21, 2022

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$550 million of senior trade loans that SMBC Group provides to banks in the Europe and Central Asia (ECA) region. The proposed project is a renewal of prior SMBC ECA RSF projects.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation