Description

The project comprises of a senior loan, with a tenor of up to 10 years, of up to US$150 million to Habib Bank Limited (“HBL” or “Bank”) comprising (a) an A Loan of up to US$86 million for IFC’s own account, and (b) a loan of up to US$64 million from IFC acting in its capacity as implementing entity for Managed Co-Lending Portfolio Program (“MCPP”). The loan will support the Bank’s domestic and international growth in the critical segments of small and medium enterprises, rural and agriculture finance, women owned/operated businesses, and sustainable energy finance. HBL is the largest commercial bank in Pakistan with a market share of around 15% in terms of total assets and deposits. As of December 31, 2014, HBL had total assets of US$18.6 billion, total deposits of US$15.2 billion and total equity of US$1.7 billion.