PROJECT

Projects

Summary of Investment Information

Project Number

41251

Company Name

ABI Group RSF

Date SPI Disclosed

May 16, 2018

Country

Western Africa Region

Region

Africa

Projected Board Date

Jun 15, 2018

Environmental Category

FI-2 - Limited

Status

Pending Signing

Last Updated Date

Jun 26, 2018

Department

CF3S6 - Regional Industry - FIG ME & Africa/FIG Inv Ops - Africa

Industry

Financial Markets

Previous Events

Approved : Jun 25, 2018

Sector

Commercial Banking - General

Additional Project Attributes

Blended Finance

Project Description

  The proposed project entails the provision of a 5-year Risk Sharing Facility (“RSF” or the “Facility”) in the amount of up to EUR40 million to cover eight subsidiaries of Atlantic Business International (“ABI”) in IDA and FCS countries – namely Banque Atlantique Benin, Banque Atlantique Burkina Faso, Banque Atlantique Côte d’Ivoire, Banque Populaire Maroco-Guineenne in Guinea, Bank Atlantique Mali, Banque Atlantique du Niger, Banque Atlantique Senegal and Banque Atlantique Togo, together the Participating Affiliates (“PAs”) for a target portfolio of SME loans in the amount of up to EUR80 million equivalent. Under this project, IFC will be supporting the expansion of ABI’s SME lending across Sub-Saharan Africa. The project is subject to regulatory approvals. 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation