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    Reference: 20140130
    Release date: 31 July 2014

    Promoter – Financial Intermediary

    Eligible financial intermediaries of ABC Holdings, trading as BancABC.

    Location

    Description

    Credit facility for the financing of private companies and commercially run public entities, with an emphasis on SMEs, in southern Africa through the financial intermediaries of ABC Holdings.

    Objectives

    The line of credit is intended to support the availability of term finance small, medium and midcap sized enterprises and commercially run public entities that contribute to private sector development and other priorities under the Mandate such as social and economic infrastructure.

    Comments

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 45 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 - 2/12/2014

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Botswana Mozambique Zambia Credit lines