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Supporting import financing in Cameroon
Project
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Signature date
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Location
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Cameroon
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Financing tool
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Financing amount (Euro)
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15000000
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Financing details
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Guarantees provided by Proparco to the confirming banks that are members of the program for documentary credits issued by AfrilandI. Maximum envelope of EUR 15m.
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Customer
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AFRILAND FIRST BANK
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Type of customer
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Financial institution
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Country of headquarters
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Cameroon
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Project number
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PCM1136
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Environmental and social ranking
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IF-C
This information is given at the time of signature, without prejudice to any developments in the operation/project.
has allocated a EUR 15m Trade Finance guarantee to Afriland First Bank. This first partnership between the two institutions is supporting import financing in Cameroon.
Client presentation
The leading bank in the Cameroonian market, Afriland First Bank belongs to an international banking network operating in Africa, Europe and Asia which finances the Trade Finance operations of large companies and SMEs throughout Africa.
Project description
The Trade Finance facility, for a renewable two-year period, will enable Afriland First Bank to issue international Trade Finance instruments for an amount of up to EUR 15m. This project has a significant impact, as it is supporting the bank on international markets and encouraging foreign banks to increase their Trade Finance operations with Afriland First Bank and its local clients.