AMSME Banco Comercial e de Investimentos, S. A. R. L.

completed

The project is to provide a subordinated loan (the Loan) of up to $8.5 million to Banco Comercial e de Investimentos, SARL (BCI Fomento or the Bank) as part of the Africa Micro, Small and Medium Enterprise (MSME) Finance Program. The program is an institution-building initiative designed to accelerate the transfer of know-how to banks serving micro, small, and medium enterprises in sub-Saharan Africa. This will be accomplished by providing a parallel package of IFC financing and technical assistance to an eligible group of partner banks, including BCI Fomento.BCI was incorporated in January 1996 as a limited liability joint stock company. Today, BCI Fomento is a leading private sector commercial bank in Mozambique with about 20% of the banking sector’s assets, 24% of customer deposits, and 28% of credit (net). Through the bank’s 43 branches, BCI offers a wide range of financial services to corporates and individuals across the country.