PROJECT

Projects

Summary of Investment Information

Project Number

34149

Company Name

DIAMOND BANK PLC

Date SPI Disclosed

Feb 11, 2014

Country

Nigeria

Region

Africa

Projected Board Date

Mar 10, 2014

Environmental Category

FI-2 - Limited

Status

Pending Signing

Last Updated Date

Nov 30, 2016

Department

Global Industry, Financial Markets

Industry

Financial Markets

Previous Events

Approved : May 9, 2014

Sector

Commercial Banking - General

Project Description

IFC proposes to provide Diamond Bank PLC (“Diamond Bank” or “the Bank”) with an investment package comprising of (i) US$50 million senior loan to strengthen the Bank’s SME portfolio; (ii) US$20 million senior loan dedicated to grow the Bank’s agribusiness loan portfolio; and (iii) agribusiness Advisory Services to build capacity for the Bank’s agribusiness strategy (the “Project”).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation