Date de publication: 6 septembre 2007
Promoteur – Intermédiaire Financier
Capital Financial Holdings Luxembourg S.A. (CFH)Lieu
Description
The operation consists of the EIB's acquisition of a 19% stake in the capital of CFH. This investment will be complemented by technical assistance to support the modernisation of a banking group operating in Central Africa.
Objectifs
The purpose of CFH, which was established in 2005, is to acquire a majority shareholding in each of the three banks that make up the Commercial Bank group: Commercial Bank-Cameroun (CBC), Commercial Bank-Centrafrique (CBCA) and Commercial Bank Tchad (CBT).
This group, which is around 10 years old, has undergone radical and necessary changes over the last year or so to sustain its development, which was starting to show its limitations within the existing structures. It was therefore decided to establish a new institutional framework by:
- creating the holding company CFH;
- looking for new partnerships (EIB and IFC equity participation and technical assistance).
In this context, the project's objectives will be to help to unify and modernise management, strengthen the rules of governance in accordance with international banking standards, exploit potential synergies between the different banks and improve the group's ability to face up to competition. This project satisfies the Cotonou Agreement's objectives of strengthening local financial sectors and supporting regional integration.
Secteur(s)
Montant BEI envisagé (montant approximatif)
(i) equity participation of up to EUR 5 million; (ii) technical assistance (up to EUR 550 000).
Coût total (montant approximatif)
CFH's share capital will be EUR 27 million, held by local shareholders, the EIB and the IFC.
Aspects environnementaux
The Commercial Bank group will ensure that all the necessary permits and authorisations issued by the competent authorities are obtained for the projects financed. The application of national environmental regulations will be systematically required. In any event, socio-environmental guidelines taking account of the EIB's principles in this sphere will be introduced once the Bank has acquired a stake in CFH.
Passation des marchés
The banks in the Commercial Bank group will ensure that its customers' selection of supplies and/or services includes the competitive tendering necessary to guarantee the sound economics of each project. Similarly, the EIB's equity participation in the holding company will result in appropriate directives being applied including, if required, international tendering.
Statut
Signé - 11/12/2007
Clause de non-responsabilité
Avant d’être approuvés par le Conseil d’administration et avant la signature des prêts correspondants, les projets font l’objet d’une instruction et de négociations. Par conséquent, les informations et données fournies sur cette page sont indicatives.
Elles sont fournies à des fins de transparence uniquement et ne peuvent être considérées comme représentant la politique officielle de la BEI (voir également les notes explicatives).