The IFC is looking to support Bridge Bank Group (Cote d`Ivoire) with a trade finance line of US$10-million. The credit line is intended to cover the payment risk of the bank’s related trade finance facilities. Bridge Bank Group is a Cote d`Ivoire based commercial bank that provides services to businesses and individuals and serves over 10,500 clients (of which 800 are corporate customers). The bank was established in 2006 key shareholders include Caisse Nationale de Prévoyance Sociale de Côte d’Ivoire (20%) and Bridge Group West Africa (an Ivorian holding firm controlled by the Teyliom group and private equity firm AfricInvest (77%).
IFC is the finance provider of the World Bank with more than 60 years of experience in unlocking private investment and therefore delivering more than $285-billion in financing for businesses in developing countries.