BNDE (National Bank for Economic Development) (2025)
| Signing Date | 25 Jun 2024 |
| Region of Headquarters: | Middle East & Africa |
| Current EPFI Reporting Year/Period: | 2025 |
| Institutional Reporting: | No Report Available |
Please read the important notes and disclaimer for further information on ‘EPFI Reporting’, compliance and publication on the EP website.
Further information on this EPFI may be obtained through the Institutional Reporting hyperlink.
Project Finance Advisory Services
Total number mandated in the reporting period: 0
Project Finance Transactions
Total number that reached Financial Close in the reporting period: 9
| Equator Principles Category | A1 | B2 | C3 |
|---|---|---|---|
| Sector | |||
| Mining | 1 | ||
| Infrastructure | 1 | 1 | |
| Oil & Gas | |||
| Power | |||
| Others | 6 | ||
| Region | |||
| Americas | |||
| Europe, Middle East & Africa | 2 | 6 | 1 |
| Asia Pacific | |||
| Country Designation | |||
| Designated Country 4 | |||
| Non Designated Country | 2 | 6 | 1 |
| Both | |||
| Independent Review | |||
| Yes | |||
| No | 2 | 6 | 1 |
| Totals | 2 | 6 | 1 |
Category A – Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented.
Category B – Projects with potential limited adverse environmental and social risks and/or impacts that are few in number, generally site-specific, largely reversible and readily addressed through mitigation measures.
Category C – Projects with minimal or no adverse environmental and social risks and/or impacts.
Designated Countries are those countries deemed to have robust environmental and social governance, legislation systems and institutional capacity designed to protect their people and the natural environment.
Project-related Refinance & Project-related Acquisition For Project Finance
Total number that reached Financial Close in the reporting period: 0
Project Name Reporting For Project Finance (And Project-related Refinance & Project-related Acquisition Finance For Project Finance)
Number of projects that were not disclosed as per the disclosure conditions specified in Annex B of the Principles: 9
Under EP4, project name reporting is required for Project Finance transactions that have reached Financial Close and encouraged for Project-Related Corporate Loans that have reached Financial Close.
Project-Related Corporate Loans
Total number that reached Financial Close in the reporting period: 0
Project-related Refinance & Project-related Acquisition For Project-related Corporate Loans
Total number that reached Financial Close in the reporting period: 0
Implementation of the Equator Principles
BNDE´s EP implementation report is provided here: https://www.bnde.sn/sites/default/files/2026-04/ANNUAL%20REPORT%20BNDE%202025.pdf
In 2025, BNDE conducted an independent review in accordance with the Equator Principles guidelines dated 1 January 2024. BNDE’s internal procedures and a representative sample of transactions carried out across various sectors (Public Administration, Agriculture, Construction, Commerce, Water/Energy, Industry, Services, Transportation and Storage) were reviewed by the Internal Audit Department between 6 October 2025 and 28 November 2025. The EP sample transactions included closed transactions and/or transactions under active EP review between January 2025 and December 2025. Eight (8) gaps in the implementation process were identified and eight (8) recommendations for improvement were provided. These are included in BNDE’s continuous improvement process to be addressed within one (1) year. A further independent review of EP implementation will be conducted within three (3) years.