NSIA BANQUE COTE D'IVOIRE
Status: Approved investmentWhy disclosure?
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In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer?
NSIA Banque Côte d'Ivoire (CI) is a subsidiary of the pan-African NSIA Group, present in 12 African countries and a leader in the banking and insurance sectors, NSIA Banque CI is a leading institution in Côte d'Ivoire. Listed on the Regional Stock Exchange (BRVM), the Bank has more than 80 points of sale, a network of branches dedicated to businesses, more than 120 ATMs, and a representative office in Paris dedicated to the diaspora.
What is our funding objective?
The transaction is a EUR 90 mln long-term senior loan facility arranged by DEG in a syndicate with FMO and Proparco, all offering an equal 33.3% stake. A significant portion of the facility will be dedicated to the cocoa sector, the cornerstone of the national economy, in order to promote sustainable, responsible, and equitable growth, particularly in rural areas.
Why do we fund this investment?
With the financing, FMO supports market and sector development in Côte d’Ivoire. Small and medium-sized enterprises (SMEs) are the engine of Côte d’Ivoire’s economy, accounting for 98% of all firms and providing 23% of the country’s private-sector jobs and 20% of the country’s GDP. However, their access to finance is limited, and significant potential remains unrealized. With this financing, NSIA Banque CI will strengthen its capacity to finance SMEs and small corporates, which will help to address regional disparities through an extensive territorial network (more than 80 branches).
What is the Environmental and Social categorization rationale?
NSIA is categorized as FI-A, reflecting the FI's overall portfolio exposure to high environmental and social (E&S) risk sectors such as Manufacturing (heavy industries), Agriculture (large-scale primary agriculture), Energy, Construction, Mining, and Quarrying. NSIA has developed and implemented a functional E&S Management System (ESMS), including sector guidelines that cover various E&S-related risks in agro-industries. As part of this partnership, the Bank has committed to implementing an E&S Action Plan (ESAP) aimed at strengthening its ESMS and aligning it with the standards of the EDFI (European Development Finance Institutions).
- Website customer/investment
- https://www.nsiabanque.ci/
- Region
- Africa
- Country
- Côte d'Ivoire
- Sector
- Financial Institutions
- Publication date
- 4/30/2025
- Effective date
- 12/9/2024
- Total FMO financing
- EUR 30.00 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - A