PROJECT

Projects

Summary of Investment Information

Project Number

49340

Company Name

SUMITOMO MITSUI BANKING CORPORATION

Date SPI Disclosed

Aug 26, 2024

Country

Turkiye

Region

Central Asia and Turkiye

Projected Board Date

Sep 26, 2024

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

May 2, 2025

Department

Global Trade & Supply Chain

Industry

Financial Markets

Previous Events

Approved : Sep 27, 2024
Signed : Oct 21, 2024
Invested : Apr 30, 2025

Sector

Commercial Banking - Trade and Supply Chain

Project Description

The proposed project is a funded risk sharing facility (the “Project”) 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$600 million of senior trade loans that SMBC Group provides to banks in the Europe and Central Asia (ECA) region, including a subset for climate and sustainable trade financing. The Project is a renewal of prior GTLP SMBC Turkiye project.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation