MICROCAPITAL BRIEF: Tunisia’s Union Internationale de Banques (UIB) Borrows $45m from EBRD for SMEs

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution, recently announced it will loan EUR 40 million (USD 44.9 million) to Union Internationale de Banques (UIB), a Tunisian bank, to support small and medium-sized enterprises’ (SMEs’) “lending activities and expand access to finance for underserved private SMEs”.

UIB is a subsidiary of the France-based Societe Generale with a loan portfolio of EUR 1.7 billion (USD 1.91 billion), deposits of TND 3.6 billion (USD 1.48 billion) and total assets of TND 4.7 billion (USD 1.93 billion) as of 2016. For the same year, its return on assets was 1.8 percent and its return on equity was 22.5 percent. Societe Generale was founded in 1864 and reported serving 31 million customers in 66 countries with total assets of EUR 1.38 trillion (USD 1.55 trillion) as of December 31, 2016.

EBRD was founded in 1991 and has 65 shareholding countries as of 2017. The bank, which focuses on “the promotion of private and entrepreneurial initiative,” invested EUR 9.4 billion (USD 10.1 billion) in companies in 30 countries during 2016.

By Sascha Strobl, Research Associate

Sources and Additional Resources:

Union Internationale de Banques financial statements:
http://www.uib.com.tn/images/pdf/resultats/2017-/FINAL%202017.04.25%20Etat%20financiers%202017.pdf

Societe Generale financial statements:
https://www.societegenerale.com/sites/default/files/documents-/Résultats%20financiers/2016_EN/T4/financial_statements_and_notes_2016.pdf

European Bank for Reconstruction and Development, “FIF – UIB SME Loan”
http://www.ebrd.com/work-with-us/projects/psd/fif-uib-sme-loan.html

European Bank for Reconstruction and Development website, “Working with us”
http://www.ebrd.com/pages/workingwithus/sbs/how.shtml

MicroCapital Story, April 7, 2014, “European Bank for Reconstruction and Development (EBRD), European Union to Provide Technical Assistance to Small, Medium-sized Enterprises (SMEs) in Tunisia”
https://www.microcapital.org/microcapital-brief-european-bank-for-reconstruction-and-development-ebrd-european-union-to-provide-technical-assisatance-to-small-medium-sized-enterprises-smes-in-tunisia/

MicroCapital Story, March 25, 2014, “European Union, European Bank for Reconstruction and Development (EBRD) Support 100 Small, Medium-sized Enterprises (SMEs) in Egypt”
https://www.microcapital.org/microcapital-brief-european-union-european-bank-for-reconstruction-and-development-ebrd-support-100-small-medium-sized-enterprises-smes-in-egypt/

MicroCapital Story, March 23, 2014, “European Bank for Reconstruction and Development (EBRD) to Loan $7m to Enda Inter-Arabe for On-Lending to Micro-, Small Enterprises (MSEs) in Tunisia”
https://www.microcapital.org/microcapital-brief-european-bank-for-reconstruction-and-development-ebrd-to-loan-7m-to-enda-inter-arabe-for-on-lending-to-micro-small-enterprises-mses-in-tunisia/

MicroCapital Story, March 17, 2014, “European Bank for Reconstruction and Development (EBRD) Considers $21m Loan to Compagnie Internationale de Leasing (CIL) for Micro-, Small and Medium-sized Enterprises (MSMEs) in Tunisia”
https://www.microcapital.org/microcapital-brief-european-bank-for-reconstruction-and-development-ebrd-considers-21m-loan-to-compagnie-internationale-de-leasing-cil-for-micro-small-and-medium-sized-enterprises-msmes-in-t/

MicroCapital Story, March 14, 2014, “European Bank For Reconstruction and Development (EBRD) Brings ‘Small Business Support’ Facility to Jordan, Delivering Technical Assistance to Small, Medium-Sized Firms”
https://www.microcapital.org/microcapital-brief-european-bank-for-reconstruction-and-development-ebrd-brings-small-business-support-facility-to-jordan-bringing-technical-assistance-to-small-medium-sized-firms/

MicroCapital Story, February 13, 2014, “responsAbility Loans $20m to Microlender Enda Inter-Arabe of Tunisia”
https://www.microcapital.org/microcapital-brief-responsability-loans-20m-to-microlender-enda-inter-arabe-of-tunisia/

MicroCapital Story, July 24, 2013, “Sanad Fund for MSME Loans $6m to Enda Inter-Arabe of Tunisia for Young Entrepreneurs, Micro, Small, Medium-sized Enterprises in Rural Areas,”
https://www.microcapital.org/microcapital-brief-sanad-fund-for-msme-loans-6m-to-enda-inter-arabe-of-tunisia-for-young-entrepreneurs-micro-small-medium-sized-enterprises-in-rural-areas/

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