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Europe

Department: Lending and Investment
Project Name: EBRD Financial Intermediary Investment Special Fund—Small Business Account—Phase II
Project Description: TaiwanICDF undertakes to contribute, on a reimbursable basis, an amount of USD 10,000,000 for the SBA II.
The invested projects included Turkey Garanti Bank syndication Loan and Turkey VakifBank Syndicated Loan.

Region: West and Central Asia, Europe
Implementation Start Date: 2008/12/25
Implementation End Date: 2018/12/25
Project Objectives: The purpose of the Contribution is to finance operations that will assist in alleviating the development finance constraints faced by micro, small and medium sized enterprises (“MSMEs”) in those EBRD countries of operations which TaiwanICDF informs the Bank will be eligible countries. In particular, the Contribution will be used to co-finance EBRD equity investments and lending operations to financial intermediaries for onward lending to MSMEs.
Executing Agency: EBRD
Implementation Arrangement: Disbursements from the SBA II shall be made on a pari passu basis with EBRD’s ordinary capital resources.
Funds credited to the SBA II in respect of repayments, reimbursements or income can be used for new projects.Any repayments, reimbursements or income accumulated after the seventh anniversary of the entry into force of this Agreement cannot be used for new projects unless otherwise agreed between TaiwanICDF and the EBRD in writing. Any balance of the Contribution, together with any repayments, reimbursement or income, remaining in the SBA II upon termination of this Agreement or the FIISF, or after the tenth anniversary of the entry into force of this Agreement, whichever is earlier, shall be returned to TaiwanICDF in accordance with the Rules and Regulations.
Project Manager: Wen-Kai Ou
Phone: 886-2-2873-2323 Ext. 502
E-mail: w.k.ou@icdf.org.tw
Approval Date: 2008/12/25
Status: Revolving fund under operation
Projected Benefits: By participating EBRD's Micro, small and midium size enterprise development program, providing local private sector financal facility to directly invest local financial instition, and providing professional consultancy service funded by technical assistance cooperation fund, ICDF could further enhance capability of the assisted banks and their personnel.
Sector: Economic Infrastructure and Services
Sector Item: Banking and Financial Services
Cooperating Country: West and Central Asia, Eastern Europe
Cooperating Organization: European Bank for Reconstruction and Development (EBRD)
Project status: Projects under implementation
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  • Date:2011/3/25
  • Date Updated:2014/8/5