Summary of Proposed Investment
Project Number
30554
Company Name
EXPORT-IMPORT BANK OF INDIA
Date SPI Disclosed
Feb 2, 2011
Country
India
Industry
Financial Markets
Projected Board Date
Mar 4, 2011
Status
Completed
Sector
Commercial Banking - General
Department
Global Industry, Financial Markets
Environmental Category
FI
Previous Events
Approved : Mar 22, 2011
Signed : Mar 29, 2011
Invested : Apr 27, 2011
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 on IFC’s own account and mobilization by IFC of parallel loans from international commercial banks to Exim Bank. The proceeds of the IFC loan will be used to finance exports from India to other South Asian countries from private sector exporters, mainly middle market companies.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Mr. N. Shankar
Executive Director
Center One Building, World Trade Center Complex, Cuffe Parade, Mumbai 400005, India
Telephone: +91 22 2218 2254
Fax: +91 22 2218 8077
Email: nshankar@eximbankindia.in
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