Country: Ivory Coast
Type of investment: Financial Institution
Purpose: Financing of agricultural businesses
Financial close: February 2019
Tenor: 5 years
Type of Investment: Balance sheet financing
S&E Category: FI
In early 2019, AATIF concluded a EUR 30m agricultural lending facility with NSIA Banque Côte d’Ivoire (“NSIA”). NSIA was one of the first commercial banks in Ivory Coast to promote lending to the agricultural sector over 60 years ago. Initially the bank focused on commodity financing, but over the years has continually diversified its product offering to its customers. A key advantage of NSIA is its large branch network of 84 agencies which has allowed the bank to better embed itself in the agricultural ecosystem by being able to get closer to the various participants in the agricultural value chain.
For NSIA, the agricultural sector is a core sector to grow in Ivory Coast, due to its importance in terms of share of local GDP. AATIF’s loan leverages the already existing established agriculture financing footprint of NSIA in the region and further seeks to support the diversification of its product offering to include equipment leasing, mid-term investment loans, factoring and agricultural seasonal loans. Further the longer tenor of AATIF’s facility is intended to support NSIA’s product lines that offer longer tenors to agricultural customers – a crucial element in agricultural financing.
In the view of AATIF, NSIA is a critical partner in the region, with whom it aims to help meet the needs of the agricultural sector whose annual funding requirements are steadily increasing as a result of economic and demographic growth.
Agricultural portfolio as a percentage of total bank portfolio 12/2018
Number of agricultural sub-loans benefitting from AATIF funding seasonally
Number of employees
NSIA has a total of 1,016 employees, comprised of 504 male employees (49%) and 512 female employees (51%).
- Figures are based on latest available self-reported data by investees and data collected by AATIF’s collaboration partners
- Figures are subject to change as and when additional information becomes available
- Figures reported here are not replacing rapid appraisals / impact evaluations that are done in addition