📋 Tender Overview
Project Number
47435
Company Name
CORIS BANK INTERNATIONAL TOGO
Date SPI Disclosed
Mar 27, 2025
Country
Togo
Region
Africa
Projected Board Date
Apr 28, 2025
Environmental Category
FI-3
Status
Pending Signing
Last Updated Date
Department
Regional Industry - FIG Africa
Industry
Financial Institutions
Previous Events
Approved : Nov 11, 2004
Sector
Commercial Banking - Trade
Project Description
The proposed project is an unfunded trade finance facility under IFC’s Global Trade Finance Program ( GTFP or the GTFP Facility ) of up to US$10 million, booked under the Africa Trade and Supply Chain Recovery Initiative ( ATRI ). The purpose of the proposed IFC trade line is to reduce Coris Bank International Togo’s (the Bank or CBI TG ) reliance on CBI Burkina Faso affiliate and to support the strategic plan of the Bank’s management to grow its international trade business, knowing the business sector is mostly cash-driven and suffers from the de-risking of Correspondent or Confirming Banks.
