PROJECT

Projects

Summary of Investment Information

Project Number

34220

Company Name

FIRST CITY MONUMENT BANK LIMITED.

Date SPI Disclosed

Apr 11, 2014

Country

Nigeria

Region

Africa

Projected Board Date

May 12, 2014

Environmental Category

FI-1 - Significant

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Regional Industry - FIG ME & Africa

Industry

Financial Markets

Previous Events

Approved : May 22, 2014
Signed : Jun 26, 2014
Invested : Oct 9, 2014

Sector

Commercial Banking - General

Project Description

FCMB Limited is seeking to raise a senior loan of up to US$100 million i) to fund a pipeline of infrastructure and industrial projects, ii) to introduce energy efficiency lending and iii) to grow its small and medium enterprises (“SMEs”) business.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation