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    Signature(s)

    Amount
    € 50,000,000
    Countries
    Sector(s)
    Regional - Central Africa : € 50,000,000
    Services : € 50,000,000
    Signature date(s)
    10/07/2007 : € 50,000,000
    Link to source

    Summary sheet

    Release date
    6 November 2006
    Status
    Reference
    Signed | 10/07/2007
    20060256
    Project name
    Promoter - financial intermediary
    Framework guarantee agreement (Central Africa)
    • BGFIBANK SA, Libreville, Gabon
      Mr Bernard PEDEPRAT, Deputy Managing Director
    • BICIG SA, Libreville, Gabon
      Mr Jean-Michel PAPIN, Director of Corporate Customers Network
    • Union Gabonaise de Banque SA, Libreville, Gabon
      Mr François HOFFMANN, Managing Director
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 50 million.
    Not applicable.
    Description
    Objectives

    Partial guarantee for loans granted by the financial intermediaries to private or public commercial enterprises.

    The proposed operation will enable the financial intermediaries to finance the major projects to be implemented in the coming years in various Central African countries with their own resources while complying with the prudential ratios of the Central African Banking Commission (especially concerning risk coverage and risk sharing). It will thus contribute to developing the region's financial sector and private sector.

    Environmental aspects
    Procurement

    The EIB will assist the financial intermediaries in the area of environmental impact assessment in order to ensure that projects supported comply with the EIB’s standards.

    The financial intermediaries will undertake to ensure that the EIB’s competitive tendering criteria are observed.

    Comments

    The EIB will provide the financial intermediaries with surety for loans or guarantees granted to private or public commercial enterprises undertaking long and medium-term projects in the industrial, productive infrastructure and services sectors.

    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).

    News & Stories

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