Interbank Burundi s.a.

Coffee Campaign 2003/2004 Kick off

With the first funding on Thursday May 21st, the coffee campaign 2003 -2004 just started officially for a period of nearly 15 months, while the coffee campaign 2002 -2003 has not yet ended, the standing funding being estimated to 11,801.3 M.

Within a new consortium of 11 banks and financial institutions, expanded therefore to the Burundi Bank for commerce and Investment, "BBCI", which was not involved in the coffee campaign 2002 -2003, Interbank Burundi has been again designated the leader with 18.0 % of the funding shares.

Those shares are listed as follows :

Interbank Burundi	:	18.0%
Banque de Crédit de Bujumbura	:	12.0%
Banque Commerciale du Burundi	:	12.0%
Banque de Gestion et de Financement	:	12.0%
Banque Nationale de Développement Economique	:	11.0%
Société Burundaise de Banque et de Financement	:	10.5%
Banque Populaire du Burundi	:	6.0%
Finalease Bank	:	6.0%
Banque Burundaise pour le Commerce et l'Investissement	:	5.0%
Compagnie Financière pour le Développement	:	5.0%
Banque de Commerce et de Développement	:	2.5%

It is worth noting that the total funding needs for the coffee industry during this season are estimated to BIF 13,878.7 M for an expected production of 6,900 T Washed and 86,900 T ripe grains, as compared to respectively 8,200 T and 166,700 T during the previous season.

IBB-Infos / 26 May 2003
_________________

Back to IBB-Infos Top