Reference:
20050339
Release date: 5 October 2005
Release date: 5 October 2005
Promoter – Financial Intermediary
Banque des Institutions Mutualistes de l’Afrique de l’Ouest (BIMAO)Location
Description
Operation to guarantee loans to BIMAO from local banks for a maximum amount of the FCFA equivalent of EUR 5 million.
Objectives
To support the development of BIMAO, which received the approval of the Banking Commission in 2005, by guaranteeing medium and long-term loans granted to BIMAO by Senagalese commercial banks.
Comments
Financial intermediation.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 5 million
Total cost (Approximate amount)
EUR 20 million
Environmental aspects
No impact on the environment.
Status
Signed - 10/12/2005