SIB SME RSF II (IFC-41091)

Countries
  • Ivory Coast
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
May 25, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
SIB SME RSF II
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 19.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 38.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Jun 20, 2018

Disclosed by Bank Apr 23, 2018


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Project Description
Project Description

 The proposed project consists of an up to XOF10 billion (c.US$19 million) risk sharing facility ('RSF') with Societe Ivoirienne de Banque Cote d’Ivoire ('SIB' or 'the Bank') on a portfolio of up to XOF20 billion (c.US$38 million) to help SIB continue scaling-up its small and medium size enterprises ('SME') and agribusiness value chain lending in Cote d’Ivoire.

Investment Description
  • International Finance Corporation (IFC)
Contact Information

Societe Ivoirienne de Banque S.A. (Groupe Attijariwafa Bank)
Bakary Yeo
Director for SMEs
+225 20 20 00 15
bakary.yeo@sib.ci
34 bd Republique,Immeuble Alpha 2000
www.sib.ci

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/