PROJECT

Projects

Summary of Investment Information

Project Number

47422

Company Name

Thai Credit Bank Public Company Limited

Date SPI Disclosed

Jun 20, 2023

Country

Thailand

Region

East Asia and the Pacific

Projected Board Date

Dec 7, 2022

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Jun 29, 2023

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Previous Events

Approved : Dec 22, 2022
Signed : May 9, 2023
Invested : Jun 27, 2023

Sector

Microfinance and Small Business - Non Commercial Banking

Project Description

 The proposed investment entails a 3-year senior loan financing of up to US$105 million to The Thai Credit Retail Bank PCL (TCRB) (the Project). Alongside the financing, IFC is considering providing to TCRB with a USD-THB cross-currency swap (CCS) for up to the total notional amount of US$105 million. The proposed investment will be the first social loan to be raised by the Bank, will follow the Loan Markets Association (LMA)’s Social Loan Principles (SLP), and will be dedicated to supporting micro, small and medium enterprises (MSMEs) in Thailand.                                            

Associated Advisory Engagement

 This investment is not associated with any advisory services.                                                                                              

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation