PROJECT

Projects

Summary of Investment Information

Project Number

33502

Company Name

RISK SHARING FACILITY BICIGUI

Date SPI Disclosed

Oct 28, 2013

Country

Guinea

Region

Africa

Projected Board Date

Dec 2, 2013

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Jan 18, 2026

Department

Regional Industry - FIG Africa

Industry

Financial Markets

Previous Events

Approved : Dec 26, 2013
Signed : Jan 31, 2014

Sector

Commercial Banking - General

Additional Project Attributes

Blended Finance

Project Description

The proposed project is for an up to GNF 17.5 billion Risk Sharing Facility to support SME lending in post conflict Guinea for Banque Internationale pour le Commerce et l’Industrie de la Guinée (“BICIGUI” or the “Bank”), a subsidiary of BNP Paribas.
As of December 31st, 2012, BICIGUI was the largest bank in the country banking sector in terms of loans (25%) and first in terms of deposits (27%) and assets (23%), with a network of 24 branches in 15 cities. Created in 1985, the Bank operates a universal bank business model servicing the retail, SME and corporate business segments.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation