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ZENITH BANK MID-CAP LOAN

Signature(s)

Amount
€ 60,000,000
Countries
Sector(s)
Nigeria : € 60,000,000
Credit lines : € 60,000,000
Signature date(s)
21/08/2013 : € 20,000,000
21/08/2013 : € 40,000,000
Link to source
Data sheet
ZENITH BANK MID-CAP LOAN
Other links
Summary sheet
ZENITH BANK MID-CAP LOAN

Summary sheet

Release date
15 April 2013
Status
Reference
Signed | 21/08/2013
20120206
Project name
Promoter - financial intermediary
ZENITH BANK MID-CAP LOAN
Zenith Bank Plc
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 60 million
Not applicable
Location
Sector(s)
Description
Objectives

Line of credit to finance loans to mid-cap enterprises in Nigeria, throught the intermediary Zenith Bank Plc.

The line of credit is intended to support the availability of term finance to mid-cap enterprises operating in the productive and service sectors in Nigeria.

Environmental aspects
Procurement

Zentih Bank will ensure that projects financed are implemented in conformity with the environmental laws of Nigeria

Zenith Bank will take all the requisite measures to ensure that the procurement of works, goods and services relating to the projects which the EIB finances is the most economically advantageous option, following the appropriate procedures in light of the circumstances and taking account of quality and efficiency.

Link to source
Summary sheet
ZENITH BANK MID-CAP LOAN
Other links
Data sheet
ZENITH BANK MID-CAP LOAN

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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