ANZ Royal RSF

completed

The proposed investment is for an unfunded Risk Share Facility (“RSF”) of up to USD30 million with IFC and ANZ Royal Bank (“ANZRB” or the “Bank”) sharing the potential risks arising from ANZRB’s portfolio of Cambodian agribusiness credits (the “Project”). ANZRB, in consultation with its head-quarters, has made a strategic decision to expand its agribusiness portfolio. This is only a logical step given the prominence of the agriculture sector in Cambodia, accounting for 29% of GDP and employing 70% of Cambodian labor force. Cambodia, with its large cultivable land mass, favorable climatic conditions and labor availability, is a country well-endowed to become a prominent agribusiness economy in the region. With IFC partaking in the risk of credit loss in the agribusiness portfolio, the Project is expected to provide a risk reduction benefit to ANZRB as it expands its agribusiness portfolio in a country.