Algérie Leasing

Promoter – Financial Intermediary

Tunisian technical partners (Tunisie Leasing and Amen Bank), European financial investors (FMO, PROPARCO) and other companies (Algerian or established in Algeria - CIAR, CFAO).

Location

• Algeria

Description

Participating loan to a new leasing company in Algeria.

Objectives

Part-financing of company’s start-up.

Sector(s)

• Services

Proposed EIB finance (Approximate amount)

EUR 10 million.

Total cost (Approximate amount)

EUR 60 million over three years.

Environmental aspects

The capital projects financed by Algérie Leasing will be required to comply with Algeria’s environmental standards as well as with those laid down by the European shareholders FMO and PROPARCO, which are themselves similar to those of the EIB.

Procurement

NA (private sector).

Status

Signed - 20/12/2005