0. IfC support to GreeK Companies investing abroad
Export Summit III
Athens
3 December, 2014

1. IFC: A MEMBER OF THE WORLD BANK GROUP
IBRD
International
Bank for Reconstruction and Development
IDA
International Development Association
IFC
International Finance Corporation
MIGA
Multilateral Investment and Guarantee Agency
ICSID
International Centre for Settlement of Investment Disputes
Loans to middle-income and credit-worthy low-income country governments
Interest-free loans and grants to governments
of poorest
countries
Guarantees of foreign direct investment’s non-commercial risks
Solutions in
private
sector development
Conciliation and arbitration of investment disputes

2. WHAT WE DO Integrated Solutions, Increased Impact INVESTMENT
3 Focus Industries:
MANUFACTURING AGRIBUSINESS & SERVICES
FINANCIAL INSTITUTIONS
INFRASTRUCTURE AND NATURAL RESOURCES
INVESTMENT
(Debt, Equity, Trade Finance, Syndications, Securitized Finance, Risk Management)
ADVICE
(Integrated with IFC Investment)
IFC ASSET MANAGEMENT COMPANY
(Mobilizing and Managing Capital for Investment)
3 Product Areas:

3. INVESTMENT LOANS Project and corporate financing
On-lending through intermediary institutions
EQUITY
Direct equity investments (up to 20% of company’s equity)
Private equity funds
TRADE FINANCE AND SUPPLY CHAIN
Guarantee of trade-related payment obligations of approved financial institutions
SYNDICATIONS
Capital mobilization to serve developmental needs
Over 60 co-financiers: commercial banks, fund, and DFIs
RISK MANAGEMENT SERVICES
Derivative products to hedge interest rate, currency, or commodity-price exposures of IFC clients

4. IFC ASSET MANAGEMENT COMPANY
IFC CAPITALIZATION FUND
Helps strengthen systemically important banks in emerging markets, bolstering their ability to cope with financial and economic downturns
IFC AFRICAN, LATIN AMERICAN & CARIBBEAN FUND
Co-invests with IFC in equity and equity-related investments across a range of sectors in Sub-Saharan Africa, Latin America, and the Caribbean
AFRICA CAPITALIZATION FUND
Invests in systemically important commercial banking institutions in Africa
IFC RUSSIAN BANK CAPITALIZATION FUND
Invests in commercial banking institutions in Russia
IFC GLOBAL INFRASTRUCTURE FUND
Co-invests with IFC in equity-related investments in the infrastructure sector in emerging markets
IFC CATALYST FUND
Invests in funds that provide growth capital to companies developing innovative ways to address climate change in emerging markets

5. WHAT CLIENTS VALUE ABOUT IFC
2014 IFC Client Survey
Long-Term Partner Role
Stamp of Approval
Financing Not Readily Available Elsewhere
Ability to Mobilize Additional Funds
Worldwide Presence
Global Expertise and Knowledge
Affiliation with the World Bank Group
Pricing

6. IFC’s Global Reach
Update Map: take star off of Paris and replace with normal dot, take out name “Paris” DONE
108 regional offices in 98 countries worldwide, AAA credit rating
3,879 staff (59% are based outside Washington DC)

7. FY14 INVESTMENT COMMITMENTS: $22.4 BILLION7

8. INVESTMENTS BY INDUSTRY, FY14
Commitments for IFC’s Account: $17.3 Billion

9. INVESTMENTS BY REGION, FY14
Commitments for IFC’s Account: $17.3 Billion

10. IFC AND GREECE
IFC Committed Portfolio with Greek sponsors amounted to US$ 545 million as of September 30, 2014
Investment through Financial Institutions and to Manufacturing, Agribusiness and Services (MAS) companies both account for 42% of the Committed Portfolio, followed by Infrastructure, which represent a smaller piece (16%)
100% of the Greek sponsors supported by IFC are doing business in the EMENA region

11. EXAMPLES OF SUCCESSFUL COOPERATION
Banking sector (FY*10-12)
NBG, Eurobank, Alpha Bank and Piraeus Bank
In June 2010, IFC’s Board endorsed IFC support to selected subsidiaries of four Greek banks (NBG, Eurobank EFG, Alpha and Piraeus) in Southern and Eastern Europe (part of IFC contribution to the Joint IFI Action Plan).
Since then, IFC has approved and signed US$ 321 million of the US$ 500 million facility (approximately 64%), including US$ 197 million in long term finance and US$ 124 million in short term finance trade lines under the Global Trade Finance Program.
* IFC Fiscal Year runs from 1 July to 30 June of the following year

12. EXAMPLES OF SUCCESSFUL COOPERATION
Stomana Industry, Bulgarian subsidiary of Sidenor Steel Products Manufacturing Company (FY03, FY06, FY10)
IFC supported Stomana Industry with three separate investments to help grow its steel manufacturing operations in Southern Europe:
FY03: EUR 18.5 million A-loan for Stomana’s capital equipment modernization plant
FY06: contribution of EUR 18 million loan to support the construction of Stomana’s new rolling mill
FY 10: Strengthening Stomana’s balance sheet to by providing a EUR 25 million long-term loan, comprising a EUR million C-loan and a EUR million A-loan. This investment helped Stomana to better match the long-term nature productive assets of the company against longer-term liabilities, and support additional capital investment in machinery and equipment

13. EXAMPLES OF SUCCESSFUL COOPERATION
Titan Group (FY09,10,12)
FY09: Equity investment of EUR 12.6 million and shareholder loan of EUR 16.8 million to support the construction of a greenfield state-of-the-art cement plant with production capacity of 1.4 million tons per year cement in Albania (Antea Cement, subsidiary of Titan Group).
FY10: Follow-up equity of EUR 80 million in 2009 to expand Titan’s Egyptian operation through a EUR 160 million investment plan in its two entities, Beni Suef Cement Company and Alexandria Portland Cement Company;
FY12: A third equity investment of EUR 50 million to consolidate Titan’s operations in FYRM, Kosovo and Serbia
IFC’s role in these transactions was three-fold: long-term financier; providing counseling on environmental and social standards setting: being a strategic partner to Titan’s entry in other markets.

14. CONTACTS Andrea Engel, Senior Country Officer, IFC Brussels
Francesca Carrozza, Analyst, IFC Brussels