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EQUITY BANK MBIL

Signature(s)

Amount
€ 75,000,000
Sector(s)
Credit lines : € 75,000,000
Signature date(s)
8/03/2017 : € 19,000,000
28/06/2017 : € 20,000,000
17/07/2017 : € 36,000,000
Link to source
Data sheet
EQUITY BANK MBIL
Other links
Summary sheet
EQUITY BANK MBIL
Related press
EIB signs Kshs 10.45 billion support for East African entrepreneurs

Summary sheet

Release date
9 August 2016
Status
Reference
Signed | 08/03/2017
20160471
Project name
Promoter - financial intermediary
EQUITY BANK MBIL
ACCEPTABLE BANK(S)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 75 million
Not applicable.
Location
Sector(s)
Description
Objectives

Line of credit to finance projects undertaken by private enterprises in United Republic of Tanzania, Uganda & Democratic Republic of Congo

Financing of small/medium projects carried out by private enterprises in the three countries concerned

Environmental aspects
Procurement

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

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

Comments

The project will include a significant technical assistance component which will help the banks develop the small and medium-sized enterprise (SME) banking facilities of their existing branch networks.

Link to source
Summary sheet
EQUITY BANK MBIL
Other links
Data sheet
EQUITY BANK MBIL
Related press
EIB signs Kshs 10.45 billion support for East African entrepreneurs

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).

News & Stories

Link to source
Related press
EIB signs Kshs 10.45 billion support for East African entrepreneurs
Other links
Data sheet
EQUITY BANK MBIL
Summary sheet
EQUITY BANK MBIL

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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