Proparco, DEG grant €25m line of credit to BCP Bank (Mauritius) to support its development
30-09-2021 11:55:00 | by: Pie Kamau | hits: 1140 | Tags:

Proparco, a subsidiary of ‘Agence Française de Développement’ (AFD) and its German counterpart DEG, signed a loan agreement for an amount of €25 million in favour of BCP Bank (Mauritius), to help accompany the bank’s international development on medium/long term projects.

“ This financing shows the confidence that financial institutions have in us and I would like to thank Proparco and DEG, who are long-standing partners. This line of credit will allow us to further ensure our deployment as a bank supporting investments between Asia and Africa, ” said Abdelwafi Atif, CEO of BCP Bank (Mauritius).

“ Proparco is proud, alongside its counterpart DEG, to support BCP Bank (Mauritius), a subsidiary of a long-standing partner, the Banque Centrale Populaire Group, in its development strategy on the African continent,” said Grégory Clemente, CEO of Proparco.

The pan-African group Banque Centrale Populaire, 7th in Africa – by Tier 1 Capital – and present in thirty-two countries, is represented in Mauritius since 2018 by its subsidiary BCP Bank (Mauritius). The latter capitalises on its positioning as the only banking institution in North and West Africa present in Mauritius to support investors seeking international development, mainly in Africa, by offering them tailor-made financing solutions and personalised services.