PROJECT

Projects

Summary of Investment Information

Project Number

35549

Company Name

Diamond Trust Bank Kenya Limited

Date SPI Disclosed

Sep 2, 2014

Country

Kenya

Region

Africa

Projected Board Date

Oct 6, 2014

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Feb 16, 2023

Department

Regional Industry - FIG ME & Africa

Industry

Financial Markets

Previous Events

Approved : Dec 8, 2014
Signed : Dec 11, 2014
Invested : Mar 24, 2015

Sector

Commercial Banking - General

Project Description

The proposed project entails an IFC investment of $20 million, in the form of a subordinated loan that qualifies as Tier II Capital, to be extended to Diamond Trust Bank Limited (DTBK). The above facility will be utilized to: (i) strengthen the bank’s capital base; and (ii) help the bank to expand its lending activities to SMEs.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation