Bank & Insurance
BCP Bank (Mauritius) negotiating €25m loan

BCP Bank (Mauritius) negotiating €25m loan

The former Banque des Mascareignes, bought by the Moroccan group from BPCE in October 2018, intends to strengthen its liquidity on the island.

Someone shares this article with you
            ▪ BCP Bank (Mauritius) negotiating €25m loan

▪ The former Banque des Mascareignes, bought by the Moroccan group from BPCE in October 2018, intends to strengthen its liquidity on the island.

http://www.jeuneafriquebusinessplus.com/en/806408/bcp-bank-mauritius-negotiating-e25m-loan/

17/12/2020 at 10h36, by Jeune Afrique Business+

According to information gathered by Jeune Afrique Business+, discussions regarding this additional €25m deal in support of BCP Bank (Mauritius) are still “far from over”. But Proparco’s teams in Paris and South Africa – where its Indian Ocean headquarters and management are respectively located – are considering the possibility of granting a €12.5m senior loan to the Mauritian bank. An identical amount is being jointly arranged on the other side of the Rhine by DEG, a subsidiary of the KfW group and a regular partner of AFD’s private sector arm when it comes to financing Mauritian banking institutions.

To read the article and discover your subscription benefits

You are connected to your Jeune Afrique account but your Jeune Afrique Business+ subscription does not allow you to consult the English version. To update your subscription, contact us by clicking here.

Recommended articles

Bank & Insurance

26/10/2020 at 08h33, by Jeune Afrique Business+, updated 27/10/2020

BCP increases its share in Cameroon’s international bank (BICEC) to 78%

Less than three months after taking over the BPCE group’s subsidiary, Morocco’s former public bank has...

Energy

18/09/2020 at 08h29, by Jeune Afrique Business+

TAQA Morocco contracts €248m debt to refinance Attijari and BCP loans

The bond issue aims to streamline the energy group’s financial structure and to refinance maturing bank...

Executive Management

09/07/2020 at 08h20, by Fahd Iraqi

Mohamed Karim Mounir reorganises BCP but preserves its leaders

Two years after taking the reins at the Banque Centrale Populaire, Mohamed Karim Mounir has shaken up...

Bank & Insurance

22/04/2020 at 18h53, by Jeune Afrique Business+

With aid from AfDB, Banco Millennium Atlântico (BCP Group) continues to target Angolan SMEs

The subsidiary of the Portuguese group obtained a $40m line of credit from the development finance institution,...

Bank & Insurance

19/11/2019 at 17h53, by Aurélie Benoit, updated 20/11/2019

Kamal Mokdad (BCP) “goes green” thanks to the EBRD and the Green Climate Fund

The two institutions are seeking to grant loans to help the country’s second largest bank contribute...

Any questions ? contact us

Please get in touch with the Jeune Afrique Business+ team if you require any further information.

Email us : abonnements@jeuneafriquebusinessplus.com

Add JAB+ to your home screen

1. Click on + at the bottom of your screen.

2. Click on + to add JAB+ on the home screen.

3. Enter the name of the shortcut and confirm.