47193 - GTFP ATRI CCA

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Summary of Investment Information

Project Number

47193

Company Name

CREDIT COMMUNAUTAIRE D'AFRIQUE-BANK S.A.

Date SPI Disclosed

May 22, 2023

Country

Cameroon

Region

Africa

Projected Board Date

May 4, 2023

Environmental Category

FI-3 - No Impact

Status

Pending Disbursement

Last Updated Date

Nov 19, 2025

Department

Regional Industry - FIG Africa

Industry

Financial Markets

Previous Events

Approved : Nov 11, 2004
Signed : Jul 18, 2022

Sector

Commercial Banking - Trade

Project Description

The proposed project consists of a trade finance facility of up to US$5 million for Credit Communautaire d’Afrique Bank (“CCA-Bank” or the “Bank”) with a maturity of up to 6 months. The investment falls under the IFC’s Global Trade Finance Program (“GTFP”) and is booked under the African Trade and Supply Chain Finance Recovery Initiative (“ATRI”) umbrella (the “Project”). The investment will support CCA-Bank’s international trade business and enhance acceptability by correspondent banks (“CBs”) of Letter of Credits, Guarantees and other trade instruments issued by CCA-Bank, the ninth largest bank in Cameroon in terms of net loans, in favor of its CBs. CCA-Bank was the largest microfinance institution (“MFI”) in Cameroon up until May 2018 when it obtained a banking license and that is currently the eighth largest bank in Cameroon in terms of net loans.

Associated Advisory Engagement

The Project will be complemented by IFC’s advisory services aimed at supporting CCA-Bank to develop and strengthen its trade finance operations and to redesign its trade solutions.

Sponsor / Cost / Location

Product Line	IFC Investment (million USD)
Risk Management
Guarantee	7000.0
Loan
Equity

Development Impact

The most significant expected project-level outcome is the increase in access to trade finance for CCA-Bank. Beyond the Project, IFC anticipates that the Project could support greater market integration, since in eligible IDA-PSW countries, such as Cameroon, GTFP builds, protects, and deepens trade finance networks by continually enabling individual trade transactions, which slowly builds integration of trade networks, trade, and income to these economies.

IFC's expected additionality through this Project is both financial and non-financial. On Financial Additionality, through its financing structure, the Bank, when joining the GTFP, will have access to IFC’s extensive international correspondent banking network. On Non-financial Additionality, there will be two components: (i) “Non-commercial risk mitigation, including trusted partnerships” where GTFP’s catalytic role is a trusted facilitator among cross border CBs and GTFP’s guarantee structure will help reduce key elements of confirmation risk for CBs, and (ii) “Knowledge, innovation, and capacity building” where the Bank will benefit – through an advisory engagement – from IFC’s technical expertise and best practice recommendations, namely in strengthening its trade finance operations and in redesigning its trade solutions.

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: (a) involuntary resettlement; (b) risk of adverse impacts on Indigenous Peoples; (c) significant risks to or impacts on the environment, community health and safety, biodiversity, cultural heritage; or (d) significant occupational health and safety risks. 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. 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

CCA-Bank
Mr. Claude Foudiafia
Head of Finance
(+237)679009630
claude.foudiafia@cca-bank.com
1573 Boulevard Rudolph Manga Bell, B.P. 30 388 Yaounde, Cameroon
https://www.cca-bank.com/

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