PROJECT

Projects

Summary of Investment Information

Project Number

47435

Company Name

CORIS BANK INTERNATIONAL TOGO

Date SPI Disclosed

Mar 27, 2025

Country

Togo

Region

Africa

Projected Board Date

Apr 28, 2025

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 : Sep 14, 2022

Sector

Commercial Banking - Trade

Project Description

The proposed project is an unfunded trade finance facility under IFC’s Global Trade Finance Program (“GTFP” or the “GTFP Facility”) of up to US$10 million, booked under the Africa Trade and Supply Chain Recovery Initiative (“ATRI”). The purpose of the proposed IFC trade line is to reduce Coris Bank International Togo’s (the “Bank” or “CBI TG”) reliance on CBI Burkina Faso affiliate and to support the strategic plan of the Bank’s management to grow its international trade business, knowing the business sector is mostly cash-driven and suffers from the de-risking of Correspondent or Confirming Banks.                                                   

Associated Advisory Engagement

N/A                                                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation