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Signature(s)

Amount
€ 5,000,000
Sector(s)
Services : € 5,000,000
Signature date(s)
10/12/2005 : € 5,000,000
Link to source
Data sheet
Other links
Summary sheet

Summary sheet

Release date
5 October 2005
Status
Reference
Signed | 10/12/2005
20050339
Project name
Promoter - financial intermediary
BIMAO
Banque des Institutions Mutualistes de l’Afrique de l’Ouest (BIMAO)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 5 million
EUR 20 million
Description
Objectives

Operation to guarantee loans to BIMAO from local banks for a maximum amount of the FCFA equivalent of EUR 5 million.

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.

Environmental aspects

No impact on the environment.

Comments

Financial intermediation.

Link to source
Summary sheet
Other links

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.

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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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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