PROJECT

Projects

Summary of Investment Information

Project Number

41930

Company Name

BANK ONE LIMITED

Date SPI Disclosed

May 9, 2019

Country

Mauritius

Region

Africa

Projected Board Date

Jun 10, 2019

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Feb 1, 2025

Department

Regional Industry - FIG Africa

Industry

Financial Markets

Previous Events

Approved : Jun 14, 2019
Signed : Dec 6, 2019
Invested : Dec 20, 2019

Sector

Commercial Banking - General

Project Description

The proposed project consists of a senior loan of up to USD37.5 million to Bank One Mauritius (“Bank One” or “the Bank”). The IFC loan will strengthen the Bank’s long-term funding position and support the expansion of its lending operations to Small and Medium Enterprises (“SMEs”).                                                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation