Banco Santander

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The facility consists of an unfunded US $40 million Risk Participation Agreement (RPA) with Banco Santander S.A. (Santander) to support issuing banks in Africa expand their trade finance operations. The facility will help address critical market demand for trade finance in Africa by providing support for trade in vital economic sectors such as agriculture and manufacturing. It will also foster financial sector development and regional integration, and contribute to government revenue generation.
Status
Active
Start Date
2015
Donor
AfDB
Funding Instrument
Others (TA - RSF - RPA)
Country
Africa
Region
Africa
Thematic
Financial Inclusion
Unique ID
29
Amount in USD (in million)
40.54