ABI SME RSF

The proposed project entails the provision of a 5-year Risk Sharing Facility (“RSF” or the “Facility”) in the amount of up to EUR40 million to cover eight subsidiaries of Atlantic Business International (“ABI”) in IDA and FCS countries – namely Banque Atlantique Benin, Banque Atlantique Burkina Faso, Banque Atlantique Côte d’Ivoire, Banque Populaire Maroco-Guineenne in Guinea, Bank Atlantique Mali, Banque Atlantique du Niger, Banque Atlantique Senegal and Banque Atlantique Togo, together the Participating Affiliates (“PAs”) for a target portfolio of SME loans in the amount of up to EUR80 million equivalent. Under this project, IFC will be supporting the expansion of ABI’s SME lending across Sub-Saharan Africa. The project is subject to regulatory approvals.

Status
Active
Start Date
2018
Donor
Funding Instrument
Region
Unique ID
=A257+1
Amount in USD (in million)
46.72