49829 - GTFP FAYSAL BANK

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Summary of Investment Information

Project Number

49829

Company Name

Faysal Bank Limited

Date SPI Disclosed

Mar 24, 2025

Country

Pakistan

Region

Middle East

Projected Board Date

Apr 23, 2025

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

May 29, 2025

Department

Regional Industry FIG MCT

Industry

Financial Markets

Previous Events

Approved : Nov 11, 2004
Signed : Mar 27, 2024
Invested : Aug 29, 2025

Sector

Commercial Banking - Trade

Project Description

The proposed Project is an unfunded trade finance facility, of up to US$ 30 Mn, to Faysal Bank (FBL or the Bank) for transactions with tenors of up to one year. The purpose of the proposed IFC trade line is to enable FBL to expand its international trade business and support trade in lieu of challenging macroeconomic conditions in Pakistan.

Sponsor / Cost / Location

Product Line	IFC Investment (million USD)
Risk Management
Guarantee	7000.0
Loan
Equity

Development Impact

The Project builds on the GTFP global platform, increasing access to trade finance to emerging markets. The Project will provide increased access to trade finance to the issuing bank's customers, including both corporates and SMEs. On the market side, the Project will further connect the issuing bank's cross border connections, increasing the country's integration through both financial and real sector channels. It will help to link more traders to other countries and connect the country's financial markets more deeply.

A non-financial source of additionality includes GTFP's catalytic role as a trusted facilitator among cross border correspondent banks. GTFP's guarantee structure helps to reduce key elements of confirmation risk for banks that provide this essential service for trade finance. The Project taps GTFP's global financial institution network for trade finance, which, along with IFC's trade finance due diligence expertise, increasing the probability of new cross border relationship formation for FBL. IFC provides comfort to confirming Banks by mitigating non-commercial non-environmental and social risks, such as country, regulatory, project, or political risks, while adhering to IFC's principle of political neutrality. The Project will enable FBL to partner with IFC under GTFP, benefiting from technical expertise to redesign trade solutions and marketing materials, as well as expanding trade support in Pakistan through IFC’s client network.

E&S Category Rationale / Risks and Mitigation

This Project will support short-term trade finance activities. The E&S risks and impacts associated with these activities are considered low and the project has therefore been classified as a category FI-3 in accordance with IFC’s Environmental and Social Sustainability Policy. The trade finance activities supported by the Project will adhere to the IFC Exclusion List and other exclusions including any coal related activities, upstream oil and gas production, non-RSPO certified palm oil and other controversial commodities. The Project will also 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.

The Bank will review the details of the underlying trade transactions to confirm that they do not include activities in the IFC Exclusion List and any other activities that are not to be supported by the Project.

Contacts

For Inquiries About the Project, Contact

Faysal Bank Limited
Mr. Fahd Jafri
Head | Corporate Banking South & Financial Institutions| Corporate and Investment Banking Group
Tel: +92 213 2795 364
fahdjafri@faysalbank.com
Faysal House, 6th Floor, ST 2 Shahrah-e-Faisal, Karachi Pakistan
https://www.faysalbank.com

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This Summary of Investment Information (SII) is prepared by IFC to disclose a factual summary of the main elements of the potential investment. It also includes findings and recommendations related to environmental and social considerations regarding this potential investment. The purpose of the SII is to enhance the transparency of IFC’s activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the project sponsor. IFC considers that this SII is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. It is distributed in advance of IFC Board of Directors’ consideration and may be periodically updated thereafter. Board dates are estimates only and this document should not be construed as presuming the outcome of the Board Directors’ decision. The following SII is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.

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