3 Jul 2020
EUR 60 million
Financial institutions and SMEs
|Date of agreement:||30 Aug 2011|
|Customer:||YES Bank Limited|
|Amount in USD:||USD 30 million|
|Amount in EUR:||EUR 20.8 million|
|NACE sector / loan type:||Financial intermediation, except insurance and pension|
|Business area:||Financial institutions and SMEs|
The loan programme has been provided for onlending to projects complying with NIB's mandate in various sectors in India. Potential eligible projects to be allocated are expected to be within the focus sectors of YES Bank, which include: renewable energy, engineering, infrastructure/logistics, telecom and health care.
YES Bank Limited was established in 2003, and is a listed private-sector bank in India. YES Bank mainly provides project-related loans to large and medium-sized corporate clients.
It is expected that projects to be financed under the loan programme will be in sectors in which NIB's member country companies have a high level of competence and would be able to enhance their competitiveness by supplying India with advanced technology. The mandate and environmental eligibility will be assessed separately for each subproject.
YES Bank has an environmental and social policy with implementation guidelines influenced by the Equator Principles. The focus of YES Bank is to verify, with their own resources, that Indian environmental requirements are met in all projects. YES Bank has received several international business awards in recent years recognising their social and environmental work.