PROJECT

Projects

Summary of Investment Information

Project Number

31511

Company Name

KCB BANK UGANDA LTD

Date SPI Disclosed

Feb 25, 2013

Country

Uganda

Region

Africa

Projected Board Date

Apr 9, 2013

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Mar 26, 2022

Department

Regional Industry - FIG Africa

Industry

Financial Markets

Previous Events

Approved : May 16, 2013
Signed : Dec 11, 2013
Invested : Aug 14, 2015

Sector

Commercial Banking - Housing Finance

Project Description

The proposed engagement with KCB Bank Uganda Limited (“KCBBU” or “the Bank”) is aligned to IFC’s strategy to establish a long-term partnership with Kenya Commercial Bank Ltd (“KCB” or the “Group”) one of the largest banks in East Africa. IFC''s partnership with KCB will support its regional expansion plans and help the Group develop a robust regional banking platform which is essential for the successful economic integration of the newly created East African economic community. The Project is comprised of a $10 million senior loan facility to KCBU, a subsidiary of KCB, which will provide the Bank with long-term funding to support its mortgage lending business.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation