PROJECT

Projects

Summary of Proposed Investment

Project Number

27982

Company Name

Rabobank Nederland

Date SPI Disclosed

Mar 6, 2009

Country

World Region

Industry

Financial Markets

Projected Board Date

Apr 15, 2009

Status

Completed

Sector

Trade Finance

Department

Global Industry, Financial Markets

Environmental Category

C - No Impact

Previous Events

Approved : May 28, 2009
Signed : Jun 26, 2009
Invested : Sep 13, 2010

Project Description

The project is for IFC and funding partners (other development finance institutions, “DFIs”) to assume a funded trade finance risk participation for up to USD500 million in the trade finance portfolio of Cooperatieve Centrale Raiffeisen Boerenleenbank B.A. (trading as “Rabobank International”), a bank incorporated in The Netherlands, with the statutory seat in Amsterdam, The Netherlands and located at Croeselaan 28, 3521 CB Utrecht, The Netherlands, structured under IFC GTLP’s initiative. GTLP is part of IFC’s multi-faceted global financial crisis response. It is a funded trade finance program of up to USD8 billion that will be mobilized and disbursed in phases to provide IFC with a flexible platform from which to support the extension of funded trade financing to under-served clients globally. The proposed total IFC investment would be up to USD2 billion, which will be leveraged with resources from other DFIs as well as several international banks with an established footprint in emerging markets trade finance.

Sponsor / Cost / Location

Development Impact