Release date: 15 April 2013
Promoter – Financial Intermediary
Zenith Bank PlcLocation
Description
Line of credit to finance loans to mid-cap enterprises in Nigeria, throught the intermediary Zenith Bank Plc.
Objectives
The line of credit is intended to support the availability of term finance to mid-cap enterprises operating in the productive and service sectors in Nigeria.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 60 million
Total cost (Approximate amount)
Not applicable
Environmental aspects
Zentih Bank will ensure that projects financed are implemented in conformity with the environmental laws of Nigeria
Procurement
Zenith Bank will take all the requisite measures to ensure that the procurement of works, goods and services relating to the projects which the EIB finances is the most economically advantageous option, following the appropriate procedures in light of the circumstances and taking account of quality and efficiency.
Status
Signed - 21/08/2013
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).