MICROCAPITAL BRIEF: International Finance Corporation, Bank of Shanghai Launch $80m Loan, Advisory Program Supporting Energy Upgrades for Small, Medium-sized Enterprises

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has provided a finance facility totaling CNY 500 million (USD 80 million) to China’s Bank of Shanghai to on-lend to energy-efficiency and renewable-energy projects among small and medium-sized enterprises (SMEs) in China. IFC plans to provide advisory services to the bank to support the energy projects undertaken by SMEs.

As of 2012, IFC reported total assets of USD 75.7 billion. For the year 2011, Bank of Shanghai reported total assets of CNY 655 billion (USD 106 billion), a gross loan portfolio of CNY 334 billion (USD 54.2 billion) and total deposits of CNY 466 billion (USD 75.6 billion). IFC was a shareholder of Bank of Shanghai until 2011.

By Brendan Millan, Research Associate

About International Finance Corporation (IFC)
The International Finance Corporation (IFC), a member of the World Bank Group, offers loans, equity investments, advisory services and technical assistance to private companies with the intent of alleviating poverty and promoting open and competitive markets in developing countries. As of 2012, IFC reported total assets of USD 75.7 billion.

About Bank of Shanghai
Founded in 1995, Bank of Shanghai is a joint-stock commercial bank providing services for small and medium-sized enterprises in China. For the year 2011, the bank reported total assets of CNY 655 billion (USD 106 billion), a gross loan portfolio of CNY 334 billion (USD 54.2 billion) and total deposits of CNY 466 billion (USD 75.6 billion). IFC was a shareholder of Bank of Shanghai until 2011.

Sources and Additional Resources:

[1] International Finance Corporation: “IFC, Bank of Shanghai Agreement Boosts Green Financing among China’s Smaller Businesses”, http://www.ifc.org/ifcext/pressroom/IFCPressRoom.nsf/0/02AD7593685AD43385257B5500116D09

MicroCapital.org story, July 2, 2012, “International Finance Corporation (IFC) to Loan $50m to Jiangsu Financial Leasing of China for On-lending to Small and Medium-Sized Enterprises (SMEs) in Education, Healthcare”, https://www.microcapital.org/microcapital-brief-international-finance-corporation-ifc-to-loan-50m-to-jiangsu-financial-leasing-of-china-for-on-lending-to-small-and-medium-sized-enterprises-smes-in-education-healthcare/

MicroCapital.org story, April 9, 2012, “Loans to Small- and Medium-Sized Enterprises in China Increasing, but Demand Still Significantly Exceeds Supply”, https://www.microcapital.org/microcapital-brief-loans-to-small-and-medium-sized-enterprises-in-china-increasing-but-demand-still-significantly-exceeds-supply/

MicroCapital.org story, April 9, 2012, “Chinese Government Establishes 12 Goals to Improve Local Capital Markets, Access to Finance for Private Small and Medium-Sized Enterprises”,
https://www.microcapital.org/microcapital-brief-chinese-government-establishes-12-goals-to-improve-local-capital-markets-access-to-finance-for-private-small-and-medium-sized-enterprises/

MicroCapital Universe Profile: International Finance Corporation (IFC),
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=International+Finance+Corporation+%28IFC%29

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