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BIMAO

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
BIMAO
Other links
Summary sheet
BIMAO

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
Location
Sector(s)
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
BIMAO
Other links
Data sheet
BIMAO

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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