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Supporting import financing in Guinea
Project
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Signature date
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Location
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Guinea
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Financing tool
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Financing amount (Euro)
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6700000
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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 BCI Guinea. Maximum envelope of USD 7m.
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Customer
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Banque pour Commerce et l'Industrie Guinée SA
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Type of customer
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Financial institution
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Country of headquarters
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Guinea
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Project number
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PGN1036
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Environmental and social ranking
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C
This information is given at the time of signature, without prejudice to any developments in the operation/project.
Proparco has allocated a Trade Finance guarantee to BCI Guinea to support import financing in the country.
Client presentation
A Tier 2 bank in Guinea, BCI finances the Trade Finance operations of large companies and SMEs at local level.
Project description
The Trade Finance facility, for a renewable two-year period, will enable BCI to issue international Trade Finance instruments for an amount of up to USD 7m.
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 BCI Guinea and its local clients.