Original disclosure @ IFC website
Updated in EWS May 9, 2023
Disclosed by Bank Apr 25, 2023
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As stated by the IFC, the project consists of an unfunded Risk Sharing Facility in an amount of up to GNF 50 billion (or approximatively US$5 million) to be committed in two equal tranches, that will guarantee up to 50% of a portfolio of small and medium enterprises in an amount of up to GNF100 billion (or approximatively US$10 million), under IFC’s Small Loans Guarantee Program.
The proposed engagement aims to support NSIA Guinée to build its capacity to grow and expand its SME Banking business, while strengthening its risk management practices. IFC ‘s intervention aims to provide support on focus on areas such as market segmentation and product development and end-to-end risk management to be able to serve the SME segment well.
The IFC categorized the project as FI-2.
As stated by the IFC, NSIA Banque Guinée was created in 2011 as a subsidiary of NSIA Group headquartered in Côte D’Ivoire. The Bank is held at 89.6% by NSIA Group as of June 2022 with the remaining shareholding divided amongst other Guinean corporates and individuals.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||NSIA Banque Guinée||Client||Finance|
|-||-||-||-||NSIA Group||Parent Company||Finance|
General IFC Inquiries - IFC Communications:
Address: 2121 Pennsylvania Avenue, NW, Washington DC 20433
Telephone: +1 202-473-3800
Fax: +1 202-974-4384
Client - NSIA Banque Guinée:
Christelle Zongo Dieng - Managing Director
Phone: +224 628 683 611
Max Ange Didier Djecketh - Deputy Managing Director
Address: Immeuble NSIA, Avenue de la République, Kaloum, Conakry
Website: www.groupensia.com / https://nsiabanqueguinee.com/
ACCESS TO INFORMATION
You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries
If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.
ACCOUNTABILITY MECHANISM OF IFC/MIGA
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