48835 - GTLP ENBD

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Summary of Investment Information

Project Number

48835

Company Name

Emirates NBD Bank (P.J.S.C.)

Date SPI Disclosed

Dec 19, 2025

Country

World Region

Region

Global

Projected Board Date

Jan 30, 2026

Environmental Category

FI-3 - No Impact

Status

Pending Approval

Last Updated Date

Dec 23, 2025

Department

Global Trade & Supply Chain

Industry

Financial Markets

Sector

Commercial Banking - Trade and Supply Chain

Project Description

GTLP ENBD (the Project) is an unfunded Risk Sharing Facility (RSF or GTLP) with Emirates NBD Bank (P.J.S.C.) (ENBD or the Bank) in a trade portfolio involving emerging market FIs. IFC will provide up to 50% (or up to $125 million) unfunded risk mitigation in a pool of eligible trade transactions between ENBD and Emerging Market Issuing Banks (EMIBs), ultimately increasing access to trade finance for underlying importers and exporters in EMs.

Sponsor / Cost / Location

Development Impact

By sustaining ENBD's ability to provide trade finance services in EMs despite major global macroeconomic challenges, the Project is intended to address the trade finance gap and increase and/or maintain access to trade finance for ultimate stakeholders including EMIBs and underlying importers and exporters in EMs. In addition, the Project is aimed at promoting global financial and economic integration of domestic markets into global value chain by increasing the delivery of trade finance through EMIBs, resulting in more support of trade activities across markets given its wide geographical coverage and the diversity of trade corridors targeted.

IFC provides additionality in the form of project's financing structure. The Project provides financing to EMs when many global banks are de-risking. It helps support both the maintenance and expansion of trade finance across all EM regions. Specifically, IFC's additionality is derived from the combination of IFC's (i) ability to rapidly deploy financing at a reasonable cost and significant scale in emerging markets; (ii) extensive network of banks that support global EMs ; and (iii) ability to support private sector clients to address constraints and to provide critical goods, equipment, and supplies, among other factors.

E&S Category Rationale / Risks and Mitigation

This Project will support short-term trade finance activities and therefore has been classified as a Category FI-3 project according to IFC Sustainability Policy. The trade finance activities that would be supported by the Project will be required to meet the requirements of IFC Exclusion List and other exclusions such as coal and non-RSPO palm oil. The Project will not support any activities with significant E&S concerns such as (a) involuntary resettlement, (b) risk of adverse impacts on Indigenous Peoples, (c) significant risks to or impacts on the environment, community health and safety, biodiversity, cultural heritage, or (d) significant occupational health and safety risks. IFC will have the ability to exclude or suspend from participating in the Project any EMIBs based on their E&S performances and ability to implement IFC E&S requirements. EMIBs who are existing IFC clients with an unsatisfactory E&S performance will not be approved to participate in the risk sharing facility. Each trade pool will be supported by underlying documentation with the designated bank, and the agreement with ENBD will specify that the underlying traded goods meet IFC requirements and will require ENBD to report on implementation. IFC will also review each underlying transaction to confirm it meets the exclusion criteria.

Contacts

For Inquiries About the Project, Contact

Emirates NBD Bank (P.J.S.C.)
Arsalan Amin
Team Head - Asia & Americas - FIG
+971 4 6096791
ArsalanA@EmiratesNBD.com
Emirates NBD Head Office, Baniyas Street, PO Box 777, Deira, Dubai
www.emiratesnbd.com

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