BNI Madagascar was a subsidiary of Crédit Agricole until 2014. It has the 2nd largest banking network in Madagascar with 97 branches nationwide.
The portfolio guarantee allocated by PROPARCO will allow BNI to offer loans with an 80% guarantee from AFD Group to SMEs weakened by the Covid-19 crisis. This supply of loans with an 80% guarantee from AFD Group, made possible through support from the French State, is part of the Resilience component of the French Choose Africa initiative.
The guarantee will cover an SME loan portfolio for a total of up to EUR 2.5m.
This information is given at the time of signature, without prejudice to any developments in the operation/project
Proparco and BNI, Madagascar's leading bank, join forces to support the growth and development strategy of the IslandPublished on 21 December 2021SignaturePublished on 22 November 2016