PROJECT

Projects

Summary of Investment Information

Project Number

31695

Company Name

DIAMOND TRUST BANK UGANDA LTD

Date SPI Disclosed

Mar 27, 2013

Country

Uganda

Region

Africa

Projected Board Date

Apr 28, 2013

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Regional Industry - FIG Africa

Industry

Financial Markets

Previous Events

Approved : Jun 3, 2013
Signed : Mar 31, 2014
Invested : Aug 15, 2014

Sector

Commercial Banking - General

Additional Project Attributes

Blended Finance

Project Description

The total project cost and proposed IFC investment is $5 million. IFC will finance the above amount in the form of a Subordinated Loan that qualifies for Tier II capital.

The above Subordinated Loan will be utilized to: (i) strengthen Diamond Trust Bank Uganda Limited’s (DTBU) capital base; and (ii) assist in DTBU’s expansion of its lending activities to the SMEs.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation