Signature(s)
Amount
€ 610,000
Sector(s)
Services
: € 610,000
Signature date(s)
16/12/2005 : € 610,000
Link to source
Data sheet
Other links
Summary sheet
Release date
27 February 2006
Status
Reference
Under appraisal | 16/04/2007
20050041
Project name
Promoter - financial intermediary
Banque Régionale de Marchés
Banque Régionale de Marchés
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
CFAF 400 million: equity participation of EUR 0.61 million, representing a maximum of 20% of BRM's capital. CFAF 255 million: participating conditional subordinated loan of EUR 0.39 million.
EUR 3.5 million.
Location
Sector(s)
Description
Objectives
Establishment of a regional merchant bank in Dakar - Banque Régionale de Marchés (BRM) - which will focus primarily on the capital markets in the West African Economic and Monetary Union (WAEMU).
The promoters' aim is for BRM to become the WAEMU's reference bank in the field of debt securities, basing its strategy on an IT platform and a regional distribution system. At the same time, BRM will act as a merchant bank arranging structured finance and, accordingly, will be able to offer its customers universal banking services.
Environmental aspects
Procurement
Not applicable.
Not applicable.
Comments
Financial intermediation.
Link to source
Summary sheet
Other links
Data sheet