MULTI-COUNTRY AFRICA

Supporting the development of the network and the long-term financing capacity of Bank of Africa

I. Ezzerelli

Bank of Africa Group is continuing its development, particularly with the creation of BOA Cameroon and the strengthening of several existing banks. This financing will support the Group’s long-term financing capacity.

PROJECT DESCRIPTION

Proparco’s loan will allow BOA Group to continue its expansion policy. The group’s strategy includes This information is given the creation of BOA Cameroun, the acquisition of the Equato-Guinean subsidiary of Société Générale, at the time of signature, and the strengthening of the capital of the various banks in the network. Proparco’s financial support without prejudice to any will assist BOA in the development of a CSR policy and an environmental and social risk assessment developments in the process. This financing has been mobilized from the Support Fund for Governance Capacity Building operation/project (FRCG) managed by AFD.

CLIENT PRESENTATION 29/10/2014 Bank of Africa (BOA) Group is a banking network established in over 15 Sub-Saharan African Date of signature of the project countries. It was set up in Mali in the early 1980s with African private capital and support from financial institutions (FMO, Proparco, etc.). BOA is active on both the individual and corporate Banks and Financial services markets. Banque Marocaine du Commerce Extérieur (BMCE) has been its majority shareholder since 2010. sector(s)

Multi-country Africa PROJECT IMPACT Location

This operation will strengthen the local financing capacity in BOA’s countries of operation, where Loan long-term financial resources are often insufficient. It will particularly benefit SMEs operating in the Technical Assistance sectors of trade, transport, telecoms, services and construction, which is the core activity of its network. More generally, the support for a strong pan-African banking player will contribute to Financing tool strengthening the financial sector on the continent. This financing will also contribute to disseminating CSR good practices in the banking sector. 30 050 000 Euros Amount of funding

EUR 30m Loan and EUR 50,000 of technical assitance Financing details

B.O.A. GROUP S.A. Client

IF-B

CES