PROJECT

Projects

Summary of Investment Information

Project Number

39317

Company Name

ZENITH BANK (GHANA) LTD

Date SPI Disclosed

Mar 3, 2017

Country

Ghana

Region

Africa

Projected Board Date

Apr 4, 2017

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Aug 17, 2022

Department

CFGS6 - Global Industry, Financial Markets/FIG Operations - CAF

Industry

Financial Markets

Previous Events

Approved : May 1, 2017
Signed : May 12, 2017
Invested : Jun 20, 2017

Sector

Commercial Banking - General

Project Description

The proposed project consists of an investment package of: (i) a US$40 million senior loan; and (ii) a US$10 million GTFP line to Zenith Bank Ghana limited ("Zenith" or the "Bank"). Zenith Ghana was incorporated in April 2005 as a universal Bank in Ghana.

The proposed investment aims to support the growth of the Bank's SME portfolio and expand the volume of its trade finance activities.

Associated Advisory Engagement

IFC is exploring the appropriateness of SME advisory services offering for Zenith Ghana to support the Bank's strategy.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation