Release date: 27 February 2006
Promoter – Financial Intermediary
Banque Régionale de MarchésLocation
Description
Establishment of a regional merchant bank in Dakar - Banque Régionale de Marchés (BRM) - which will focus primarily on the capital markets in the West African Economic and Monetary Union (WAEMU).
Objectives
The promoters' aim is for BRM to become the WAEMU's reference bank in the field of debt securities, basing its strategy on an IT platform and a regional distribution system. At the same time, BRM will act as a merchant bank arranging structured finance and, accordingly, will be able to offer its customers universal banking services.
Comments
Financial intermediation.
Sector(s)
Proposed EIB finance (Approximate amount)
CFAF 400 million: equity participation of EUR 0.61 million, representing a maximum of 20% of BRM's capital. CFAF 255 million: participating conditional subordinated loan of EUR 0.39 million.
Total cost (Approximate amount)
EUR 3.5 million.
Environmental aspects
Not applicable.
Procurement
Not applicable.
Status
Under appraisal - 16/04/2007
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).