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Trade Finance: supporting financing for imports of essential goods in Burkina Faso
Project
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Signature date
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Location
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Burkina Faso
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Financing tool
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Financing amount (Euro)
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10000000
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Financing details
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EUR 10m Guarantee
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Customer
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VISTA BANK BURKINA SA
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Type of customer
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Company
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Country of headquarters
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Burkina Faso
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Project number
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PBF1030
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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.
Proparco has allocated a EUR 10m guarantee package for the Trade Finance instruments issued by Vista Bank Burkina.
Client presentation
Vista Bank, the 11th largest bank in Burkina Faso, finances Trade Finance operations for large companies and SMEs at local level. Vista Bank Burkina has 15 branches, 54,000 clients and employs 286 people. It aims to develop its services for SMEs/SMIs which are key players in the local economy.
Project description
The Trade Finance facility, for a renewable two-year period, will allow Vista Bank Burkina to issue international trade finance instruments for an amount of up to EUR 10m.