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    Reference: 20150615
    Release date: 28 October 2015

    Promoter – Financial Intermediary

    SOCIETE GENERALE DE BANQUES EN COTE D'IVOIRE SA

    Location

    Description

    The project consists of a risk-sharing transaction (RST) with Société Générale de Banques Côte d'Ivoire covering a total portfolio of short and medium-term loans to small and medium-sized enterprises (SMEs). The operation will be implemented as part of the framework agreement signed under the SME Guarantee Facility (Regional ACP) with EIB and International Finance Corporation (IFC) as co-guarantors.

    Objectives

    The risk-sharing transaction will enable and encourage Société Générale de Banques en Côte d'Ivoire to grow its SME loan portfolio and specifically to increase its local currency lending activities in this business segment. By contributing to improved access to finance for SMEs, the project will support job creation and promote more inclusive and balanced growth in the targeted country.

    Comments

    Further detailed information can be accessed via the following link to the IFC website publication: http://ifcextapps.ifc.org/ifcext/spiwebsite1.nsf/651aeb16abd09c1f8525797d006976ba/90bd1c2fc44c25f685257e5b006753d7?opendocument

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 8 million

    Total cost (Approximate amount)

    EUR 33 million

    Environmental aspects

    Under the terms of the risk-sharing transaction to be entered into, the selected bank will be requested to ensure compliance of its SME lending operations with a harmonised set of policy requirements, including EIB requirements on environmental issues.

    Procurement

    Under the terms of the risk-sharing transaction to be entered into, the selected bank will be requested to ensure compliance of its SME lending operations with a harmonised set of policy requirements, including EIB requirements on procurement.

    Status

    Signed - 15/09/2016

    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

    Côte d'Ivoire Credit lines