46002 - GTFP NSIA BANQUE BENIN

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Summary of Investment Information

Project Number

46002

Company Name

NSIA BANQUE BENIN SA

Date SPI Disclosed

Jul 19, 2025

Country

Benin

Region

Africa

Environmental Category

FI-3 - No Impact

Status

Pending Signing

Last Updated Date

Jul 25, 2025

Department

Regional Industry - FIG Africa

Industry

Financial Markets

Previous Events

Approved : Nov 11, 2004

Sector

Commercial Banking - Trade

Project Description

The proposed project (GTFP Project) consists of a trade finance facility of up to US$10 million for NSIA Banque Benin (or the “Bank”) for a maximum tenor of 12 months, which will be processed under the IFC’s Global Trade Finance Program (GTFP). The proposed IFC trade line aims to support the Bank's strategic plan to expand its international trade operations, addressing the cash-driven nature of the sector and challenges from the de-risking of Correspondent or Confirming relationships.

Associated Advisory Engagement

A comprehensive MSME Banking and Risk Management initiative with the Bank, along with a gender finance project, is set to launch by June 2025. The gender finance project aims to advance financial inclusion for women and boost their economic participation across four countries.

Sponsor / Cost / Location

Development Impact

The project builds on GTFP’s global platform, increasing access to trade finance to emerging markets. The Project will provide increased access to trade finance to the Issuing Bank’s customers, including both corporates and SMEs. On the market side, the project will further connect the Issuing Bank’s cross border connections, increasing the country’s integration through both financial and real sector channels. It will help to link more traders to other countries and connect the country’s financial markets more deeply.

1. A non-financial source of additionality includes GTFP’s catalytic role as a trusted facilitator among cross border correspondent banks. GTFP’s guarantee structure helps to reduce key elements of confirmation risk for banks that provide this essential service for trade finance. 2. The Project taps GTFP’s global financial institution network for trade finance, which, along with IFC’s trade finance due diligence expertise, increasing the probability of new cross border relationship formation for the Issuing Bank. 3. IFC provides comfort to the Confirming Banks by mitigating non-commercial non-environmental and social risks, such as country, regulatory, project, or political risks, while adhering to IFC’s principle of political neutrality. 4. The Project is expected to help the Issuing Bank strengthen its trade finance operations. In addition, the Issuing Bank will benefit from IFC’s technical expertise in redesigning its trade solutions and marketing materials.

Indicator	Metrics	Comments	Calendar Year 2022	Calendar Year 2023	Calendar Year 2024
Volume of Trade Finance Transactions Supported ($)	USDMill		Not Available	Not Available	Not Available

E&S Category Rationale / Risks and Mitigation

This Project will support short-term trade finance activities. The E&S risks and impacts associated with these activities are considered low and the project has therefore been classified as a category FI-3 project in accordance with IFC’s Sustainability Policy. The trade finance activities supported by the Project will be required to meet the requirements of the IFC’s Exclusion List and other exclusions deemed necessary. The Project will not support any activities with significant E&S concerns such as: (i) involuntary resettlement; (ii) risk of adverse impacts on indigenous peoples; (iii) significant risks to or impacts on the environment, community, health and safety, biodiversity or cultural heritage; (iv) retrenchment; or (v) significant occupational health and safety risks (e.g., risk of serious injury or fatality to workers). It will also not support any activities related to upstream oil & gas production and activities related to coal such as coal mining, coal transportation, coal-fired power plants, or infrastructure services exclusively dedicated to support any of these activities. The project will not support palm oil that is not RSPO Certified Sustainable Palm Oil (CSPO). IFC will review the details of the underlying trade transactions to confirm that they do not include activities in the IFC Exclusion List and any other exclusions

Contacts

For Inquiries About the Project, Contact

NSIA Banque Benin
Jocelyne GNACADJA AHOUISSOUSSI
Head of Treasury and International Transactions
+229 01 95 95 18 12
Jocelyne.gnacadja@nsiabanque.com
76 Rue 308 Reverend Pere Colineau, Ganhi, 01 BP 955 RB
https://www.nsiabanque.bj/

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