Supported by offices in Paris and London, IFC builds deeper, more sustainable relationships with clients and partners based in Western Europe, leading to a greater number and variety of projects in the financial sector. In the region, we deal directly with the sponsors' global headquarters to complement the work done by other regional and industry departments within IFC. Besides conducting business development activities with these sponsors, we support deal processing or portfolio supervision as relationship managers of selected institutions.
Learn more about IFC's work with Financial Institutions.
IFC made a €150 million straight equity investment to allow Raiffeisen Bank International to provide Tier I capital to its subsidiaries in Eastern and South-Eastern Europe. This will enable them to support small and medium enterprises that are customers and promote economic activity and job creation, while contributing to the stability of the banking sector in their countries.
IFC committed $100 million to a trade facility with Société Générale to finance Société Ivoirienne de Raffinage, a refinery in Côte d’Ivoire, for the import of crude oil. This will improve the supply of refined products, contributing to economic growth, creating employment in the company’s supply chain, and generating additional government revenues.
IFC provided a $30 million local-currency loan to Banco Caixa Geral Brasil, a subsidiary of Portugal’s Caixa Geral de Depósitos, to fund climate-smart transactions, including renewable energy, energy efficiency, water efficiency, and cleaner production. This will contribute to climate change mitigation and demonstrate the market potential of climate-focused products.