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    Reference: 20130370
    Release date: 24 October 2013

    Promoter – Financial Intermediary

    Acceptable banks
    Cal Bank
    Societe Generale Ghana

    Location

    Description

    Global loan (IF) for:
    1) onlending to private companies/SMEs in Ghana, operating in traditional eligible sectors.
    2) funding the capital expenditures of the intermediary banks to develop their capacities of intermediation (e.g. branch network, IT systems, buildings, training...). The funds will be channelled through banks among the most performing and successful in the Ghanaian financial sector and selected on the basis of their expectations of future development in a very buoyant financial market.

    Objectives

    1) Financing of investment projects carried out by private companies of up to 250 employees.
    2) Develop the capacity of the intermediary to facilitate this activity.

    Comments

    Up to EUR 20 million per intermediary.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 80 million

    Total cost (Approximate amount)

    Not applicable.

    Environmental aspects

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

    Procurement

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

    Status

    Signed - 23/12/2013

    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).

    Related tags

    Ghana Credit lines