Postal Bank of Congo obtains medium-term financing from BDEAC

Postal Bank of Congo (BPC) has obtained mediumterm financing of over

€15m ($17.5m) from the Development Bank of Central African States (BDEAC).

The loan marks the first collaboration between the banks and will help support the private sector in the Republic of Congo. With the support of BDEAC, BPC will increase its loans to traders, businesses and SMEs, in a context where the economic and social impacts of Covid-19 are expected to be substantial. ARIES Investissements acted as financial advisor in this transaction.