PROJECT

Projects

Summary of Investment Information

Project Number

41982

Company Name

EQUITY BANK KENYA LIMITED

Date SPI Disclosed

Feb 21, 2019

Country

Kenya

Region

Africa

Projected Board Date

Mar 28, 2019

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Mar 30, 2019

Department

Regional Industry - FIG ME & Africa

Industry

Financial Markets

Previous Events

Approved : Mar 26, 2019
Signed : Mar 27, 2019
Invested : Mar 28, 2019

Sector

Commercial Banking - General

Project Description

  The project consists of an up to US$100 million subordinated loan to Equity Bank (Kenya) Limited (“EBK” or the “Bank”) to strengthen the Bank’s regulatory capital and support its lending program to the underserved micro, small and medium enterprises (MSMEs) segment in Kenya. The project also aims at supporting the Bank’s growing sustainable energy finance operations.

Associated Advisory Engagement

 The project includes an advisory services engagement whereby IFC will provide targeted support to EBK to strengthen its capacity to serve MSMEs and expand its sustainable energy finance operations.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation