📋 Tender Overview
Project Number
49956
Company Name
BRIDGE BANK GROUP COTE D'IVOIRE
Date SPI Disclosed
Jan 28, 2025
Country
Cote D'Ivoire
Region
Africa
Projected Board Date
Feb 28, 2025
Environmental Category
FI-2
Status
Pending Approval
Last Updated Date
Department
Regional Industry - FIG Africa
Industry
Financial Institutions
Sector
Commercial Banking - General
Project Description
The proposed investment consists of a US$20 million equivalent in EUR senior loan to Bridge Bank Group Côte d’Ivoire ( BBGCI , or the Bank ). The proposed loan will have a tenor of 2-years (bullet). The purpose of this IFC investment is to support BBGCI's lending program to SMEs, with a carve-out of at least 25 percent earmarked for WSMEs (the Project ).
Associated Advisory Engagement
The project will be supported by an advisory service from IFC Advisory Services ( AS ) on SME Risk Management. This AS engagement will help Bridge Bank Côte d’Ivoire strengthen its credit risk management framework as well as improve its SME credit procedures, in accordance with IFC’s requirements.
