PROJECT

Projects

Summary of Investment Information

Project Number

46063

Company Name

SICHUAN XINWANG BANK CO., LTD

Date SPI Disclosed

May 19, 2022

Country

China

Region

East Asia and the Pacific

Projected Board Date

Jun 20, 2022

Environmental Category

FI-2 - Limited

Status

Pending Disbursement

Last Updated Date

Sep 30, 2023

Department

Regional Industry - FIG Asia & Pac

Industry

other

Previous Events

Approved : Apr 20, 2023
Signed : Sep 28, 2023

Sector

Commercial Banking - Digital Finance [Project only]

Project Description

The proposed investment is a 3-year local currency facility of up to US$150 million equivalent to XW Bank in China (“XW Bank”, or the “Bank”), dedicated to support women-owned very small, small & medium enterprises (“WVSMEs”). The proposed IFC financing aims to support XW Bank to grow its digital green lending to WVSMEs for up to 50% of the loan (US$75 million equivalent in RMB).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation