Veröffentlichungsdatum: 10 Januar 2006
Projektträger – zwischengeschaltetes Finanzinstitut
Banque Internationale d’Investissement SA
The operation concerns a newly created bank i.e. Banque Internationale d’Investissement (BII) incorporated in Mauritania in July 2005. BII will seek to develop four segments; namely corporate clients (domestic or international), international organisations, SMEs and selected retail banking clients. The bank’s official operational start-up is foreseen for 16/01/2006.
The entry of a new bank offering modern banking products and technology is expected to contribute to the development of the country’s financial system. Increased competition should push other banks to reform and/or consolidate and encourage the supervisory authorities to strengthen banking regulation. The proposed EIB participation in the capital of BII is anticipated to send a signal attracting more efficiency-enhancing foreign direct investment in the banking sector.
Vorgeschlagene EIB-Finanzierung (voraussichtlicher Betrag)
Up to USD 5 million in the form of an equity participation
Gesamtkosten (voraussichtlicher Betrag)
This operation has no environmental impact.
In Prüfung - 17/03/2006
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).