PROJECT

Projects

Summary of Investment Information

Project Number

47724

Company Name

SUMITOMO MITSUI BANKING CORPORATION

Date SPI Disclosed

Dec 14, 2022

Country

Turkiye

Region

Central Asia and Turkiye

Projected Board Date

Dec 21, 2022

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Apr 19, 2023

Department

Global Trade & Supply Chain

Industry

Financial Markets

Previous Events

Approved : Dec 21, 2022
Signed : Mar 1, 2023
Invested : Apr 14, 2023

Sector

Commercial Banking - Trade and Supply Chain

Project Description

 The Project is a funded 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 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