Signature(s)
Summary sheet
- Credit lines - Credit lines
The project consists of a risk-sharing transaction (RST) with the Ecobank Group covering a number of its subsidiaries in Africa and a total portfolio of short and medium-term loans to small and medium-sized enterprises (SMEs) of up to USD 110m. The operation will be implemented under the SME Guarantee Facility (Regional ACP) with the EIB and IFC as co-guarantors.
The risk-sharing transaction will enable and encourage Ecobank to grow its SME loan portfolio and specifically to increase its local currency lending activities in this business segment. By contributing to improved access to finance for SMEs, the project will support job creation and promote more inclusive and balanced growth in the targeted countries.
Under the terms of the risk-sharing transaction to be entered into, the selected banks will be requested to ensure compliance of their SME lending operations with a harmonised set of policy requirements, including EIB requirements on environmental issues.
Under the terms of the risk-sharing transaction to be entered into, the selected banks will be requested to ensure compliance of their SME lending operations with a harmonised set of policy requirements, including EIB requirements on procurement.
Further detailed information can be accessed via the following link to the IFC website publication: http://ifcextapps.ifc.org/ifcext/spiwebsite1.nsf/651aeb16abd09c1f8525797d006976ba/6969e5a72f38fb3385257e07005cc60c?opendocument
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).
General enquiries and comments
The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.
Media enquiries
Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.
Complaints mechanism
Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.
Zero tolerance against fraud and corruption
The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.
Related publications