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        BANCABC REGIONAL FACILITY FOR SME AND MIDCAPS

        Signature(s)

        Amount
        € 45,000,000
        Countries
        Sector(s)
        Botswana : € 20,000,000
        Zambia : € 25,000,000
        Credit lines : € 45,000,000
        Signature date(s)
        2/12/2014 : € 20,000,000
        4/12/2014 : € 25,000,000
        Link to source
        Data sheet
        BANCABC REGIONAL FACILITY FOR SME AND MIDCAPS
        Other links
        Summary sheet
        BANCABC REGIONAL FACILITY FOR SMEs AND MIDCAPS

        Summary sheet

        Release date
        31 July 2014
        Status
        Reference
        Signed | 02/12/2014
        20140130
        Project name
        Promoter - financial intermediary
        BANCABC REGIONAL FACILITY FOR SMEs AND MIDCAPS
        Eligible financial intermediaries of ABC Holdings, trading as BancABC.
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        EUR 45 million
        not applicable
        Location
        Sector(s)
        Description
        Objectives

        Credit facility for the financing of private companies and commercially run public entities, with an emphasis on SMEs, in southern Africa through the financial intermediaries of ABC Holdings.

        The line of credit is intended to support the availability of term finance small, medium and midcap sized enterprises and commercially run public entities that contribute to private sector development and other priorities under the Mandate such as social and economic infrastructure.

        Environmental aspects
        Procurement

        Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

        Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

        Comments

        Link to source
        Summary sheet
        BANCABC REGIONAL FACILITY FOR SMEs AND MIDCAPS
        Other links
        Data sheet
        BANCABC REGIONAL FACILITY FOR SME AND MIDCAPS

        Disclaimer

        Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative 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 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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