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BICEC is a universal bank which focuses the bulk of its activity on financing Cameroonian companies. Consequently, the strengthening of its medium and long-term credit capacity directly benefits the country’s private sector.
Client presentation
BICEC is a Cameroonian universal bank with a diversified range of products and a nationwide network of 37 branches. It is 68%-owned by BPCE International (BPCE Group) and 18% by the State of Cameroon. It is a major player in financing the national economy, with 80% of its activity dedicated to corporate financing.
Project description
Proparco’s financing will allow BICEC to develop its medium and long-term credit activity with Cameroonian companies. The bank is very active in a wide range of sectors, including the energy, agribusiness, telecoms, manufacturing industry, retail and distribution sectors.
Project impact
This operation will strengthen the local financing capacity in a country where long-term financial resources are insufficient. It will thereby contribute to private sector development in key economic sectors. Finally, it will contribute to diversifying BICEC’s financing sources.
18/12/2015
Date of signature of the project
Cameroon
Location
Financing tool
40 000 000 Euros
Amount of funding
Loan of 40 MEUR
Financing details
BANQUE INTERNAT.CAMEROUN POUR L'EPARGNE ET CREDIT
Client
CES