SEA Deal Ticker
A US$5M loss cushion unlocks US$110M: IFC backs GXBank's loans to collateral-free SMEs
IFC absorbs the first US$5.0 million of defaults on a US$110 million GXBank loan book for micro and small businesses without credit history or collateral. It is IFC's first deal with a Malaysian digital bank.
Positive-sum angle: A Malaysian trader turned away for lack of collateral now has a licensed lender whose World Bank loss buffer was built for exactly that file.