Release date: 20 May 2015
Promoter – Financial Intermediary
First National Bank Zambia LTDLocation
Description
Dedicated line of credit to FNB Zambia for onlending to private small and medium-sized enterprises (SMEs) and midcaps in Zambia.
Objectives
The line of credit is intended to support the availability of term finance for Zambian SMEs and midcaps. The credit facility will contribute to private sector development in Zambia.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 14 million
Total cost (Approximate amount)
not applicable
Environmental aspects
Final beneficiaries will be requested to comply with applicable national legislation and EIB standards, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national legislation and EIB standards, as appropriate.
Status
Signed - 27/11/2015
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).