PROJECT

Projects

Summary of Investment Information

Project Number

40545

Company Name

I AND M BANK (RWANDA) LIMITED

Date SPI Disclosed

Jan 26, 2018

Country

Rwanda

Region

Africa

Projected Board Date

Mar 13, 2018

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Dec 22, 2023

Department

Regional Industry - FIG ME & Africa

Industry

Financial Markets

Previous Events

Approved : Mar 26, 2018
Signed : Apr 25, 2018
Invested : Jun 27, 2018

Sector

Commercial Banking - General

Project Description

The proposed project comprises a Tier II capital qualifying subordinated loan investment by IFC of US$10 million to I&M Bank Rwanda Limited (“IMR” or the “Bank”) to support the Bank’s lending program, including lending to  small and medium size enterprises ( SMEs) and to the agri-business sector in Rwanda (the “Project”). IFC’s investment will provide IMR with the necessary Tier II capital to support its capital adequacy. In addition, the investment will also help in lengthening the maturity profile of the Bank’s funding.

Associated Advisory Engagement

 The IFC investment may be complemented by a capacity building component on SME value chain finance, agri-business finance, and digital financial services (“DFS”) with a particular focus on agency banking.                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation