28 October 2015
Promoter – Financial Intermediary
SOCIETE GENERALE DE BANQUES EN COTE D'IVOIRE SA
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.
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.
Further detailed information can be accessed via the following link to the IFC website publication:
Proposed EIB finance (Approximate amount)
EUR 8 million
Total cost (Approximate amount)
EUR 33 million
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.
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.
Signed - 15/09/2016