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.
Project impact
This information is given at the time of signature, without prejudice to any developments in the operation/project
11/19/2021
Date of signature of the project
Sectors
Guinea
Location
Financing tool
6 700 000
Euros
Amount of funding
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.
Banque pour Commerce et l'Industrie Guinée SA
Head office country
PGN1036
CES
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on the same region
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on the same topic
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on the same financial tool