PROJECT

Projects

Summary of Investment Information

Project Number

42559

Company Name

ACCESS BANK PLC

Date SPI Disclosed

May 3, 2019

Country

Nigeria

Region

Africa

Projected Board Date

Jun 12, 2019

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Feb 11, 2026

Department

Regional Industry - FIG ME & Africa

Industry

Financial Markets

Previous Events

Approved : Jun 21, 2019
Signed : Jun 27, 2019
Invested : Jul 9, 2019

Sector

Commercial Banking - SME Finance

Project Description

  The project consists of an investment of up to US$87.5 million in Access Bank PLC (“Access Bank” or the “Bank”) in the form of a subordinated loan with a maturity of 10-years, callable after 5 years and with a 5-year grace period. The investment will enhance the Bank’s regulatory capital and enable to bank to scale up its lending program to micro, small and medium enterprises (“MSMEs’), including lending operations to women-owned MSMEs and climate smart projects.

  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation