Reference:
20050339
Release date: 5 October 2005
Release date: 5 October 2005
Promoter – Financial Intermediary
Banque des Institutions Mutualistes de l’Afrique de l’Ouest (BIMAO)Location
Description
Operation to guarantee loans to BIMAO from local banks for a maximum amount of the FCFA equivalent of EUR 5 million.
Objectives
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.
Comments
Financial intermediation.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 5 million
Total cost (Approximate amount)
EUR 20 million
Environmental aspects
No impact on the environment.
Status
Signed - 10/12/2005
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).