Banque Internationale d’Investissement

Promoter – Financial Intermediary

Banque Internationale d’Investissement SA

Location

• Mauritania

Description

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.

Objectives

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.

Comments

Financial

Sector(s)

• Services

Proposed EIB finance (Approximate amount)

Up to USD 5 million in the form of an equity participation

Total cost (Approximate amount)

Not Applicable.

Environmental aspects

This operation has no environmental impact.

Procurement

Not Applicable.

Status

Under appraisal - 17/03/2006