Financial Institutions



We build 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. Well-functioning, inclusive, and sustainable financial markets ensure efficient resource allocation and are essential for achieving the World Bank Group’s twin goals to end extreme poverty and boost shared prosperity, as well as meeting the United Nations’ Sustainable Development Goals.

Learn more about IFC's work with Financial Institutions.

 

Examples of What We Do

Sociéte Générale, Ghana

IFC committed a 5-year senior loan of $50 million to SG Ghana, a subsidiary of French financial institution Sociéte Générale, for on-lending to local SMEs, allowing the bank to significantly grow its SME portfolio. IFC’s investment will increase access to longer-term funding for underserved local SMEs in Ghana while promoting greater market competitiveness through demonstration of the commercial viability of lending to SMEs.

 

TerraPay, Sub-Saharan Africa

IFC committed an equity investment of close to $5 million to help TerraPay, a Netherlands-based, Africa-focused B2B remittance processing service for pre-funded small-value international money transfers, scale its operations across Africa as a hub enabling low-cost real-time cross-border transactions between money transfer and mobile money operators. IFC’s investment will help remove a significant barrier for transfers to mobile money accounts, enabling instant payments across interoperable networks and allowing recipients to access a wide range of financial and non-financial services through their mobile wallets.

 

Collectius, East Asia and the Pacific

IFC committed $30 million as part of a $60 million investment and resolution platform with Collectius, a Singapore-based debt management company and a pan-Asian pioneer in unsecured debt purchases. Stena AB, one of the largest family-owned companies in Sweden, is a shareholder of Collectius. The platform, which is part of IFC’s Distressed Asset Recovery Program (DARP), is dedicated to acquiring and resolving unsecured debt in Indonesia, the Philippines, Malaysia, Thailand and Vietnam, helping to unlock capital to support fresh lending in the East Asia and the Pacific region. In addition, IFC committed an $8 million equity investment to Collectius to support the company’s servicing capacity and further strengthen its position as a trusted partner to leading banks in the region.


Santander, Chile

IFC signed a $300 million unfunded risk-sharing facility with Santander Chile, a subsidiary of Spanish multinational bank and financial services company Santander, to share the risk of a given portfolio of trade assets on a 50-50% basis for an up to $150 million exposure. The facility, which is the first of its kind in the Chilean market, will enable Santander Chile to promote the origination of climate-related loans, as well as expand Santander’s financing for SMEs.