Summary of Proposed Investment
Project Number
29219
Company Name
EXPORT-IMPORT BANK OF INDIA
Date SPI Disclosed
May 11, 2010
Country
India
Industry
Financial Markets
Projected Board Date
Jun 11, 2010
Status
Completed
Sector
Commercial Banking - General
Department
Regional Industry - FIG Asia & Pac
Environmental Category
FI
Previous Events
Approved : Jun 14, 2010
Signed : Jun 30, 2010
Invested : Aug 27, 2010
Project Description
Export-Import Bank of India (“Exim Bank”) was formed in 1981 under the Export-Import Bank of India Act, and is a financial institution whose capital has been wholly subscribed by the Government of India. Exim Bank provides financial assistance to exporters and importers and also aims to develop relationships with export-oriented companies by assisting them in various capacities such as identifying overseas markets, providing loans and guarantees and export credit. Its non-institutional clients include mainly private sector entities.
The proposed investment involves a long term loan to Exim Bank. The proceeds of the IFC loan component will be used to finance exports to Africa from private sector exports clients of Exim Bank.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Mr. R. W. Khanna
Chief General Manager
Center One Building, World Trade Center Complex, Cuffe Parade, Mumbai 400005, India
Telephone: +91 22 2217 2641
Fax: +91 22 2218 2497
For Inquiries and Comments About IFC, Contact
General IFC Inquiries
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384E Mail: Webmaster