Release date: 17 January 2003
Promoter – Financial Intermediary
- Banque Internationale pour le Commerce et l'Industrie du Sénégal (BICIS)
- Banque Sénégalo-Tunisienne (BST)
- Compagnie Bancaire de l'Afrique Occidentale (CBAO)
- Crédit Lyonnais Sénégal (CLS)
- Société Générale de Banques au Sénégal (SGBS)
Location
Description
Credit line for financing small and medium-sized enterprises through loans and leasing operations.
Objectives
To improve the intermediaries' access to medium and long-term resources in order to promote the financing of SME ventures in Senegal, thereby fostering the competitiveness and growth of the country's private sector.
Comments
Industry, agro-industry, fishing, tourism and related service sectors, health and education
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 15 million
Total cost (Approximate amount)
Not applicable
Environmental aspects
The environmental impact of each venture financed under the global loans will be assessed by the intermediaries in accordance with the instructions issued by the EIB, which will ensure that the ventures comply with the environmental standards that it normally applies.
Procurement
Supplies, services and works contracts in respect of ventures financed will be awarded in accordance with the appropriate procedures - international or national competitive bidding or enquiries depending on the type of venture.
Status
Signed - 20/12/2002
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).