PROJECT

Projects

Summary of Investment Information

Project Number

41755

Company Name

BANCO MILLENNIUM ATLANTICO

Date SPI Disclosed

Jan 16, 2019

Country

Angola

Region

Africa

Projected Board Date

Feb 16, 2019

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Apr 27, 2023

Department

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

Industry

Financial Markets

Previous Events

Approved : Mar 1, 2019
Signed : May 23, 2019
Invested : Feb 4, 2021

Sector

Commercial Banking - General

Project Description

 The proposed investment consists of a 5-year senior loan of US$50 million to Banco Millennium Atlantico (“ATL” or “the Bank”). The IFC investment will be complemented by a GTFP line of up to US$50 million.

                                                  

Associated Advisory Engagement

The IFC investment will be complemented by a capacity building Advisory Services project on SME finance.                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation