PROJECT

Projects

Summary of Investment Information

Project Number

43989

Company Name

EQUITY BANK KENYA LIMITED

Date SPI Disclosed

Jun 18, 2020

Country

Kenya

Region

Africa

Projected Board Date

Jun 18, 2020

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Jul 23, 2022

Department

Regional Industry - FIG ME & Africa

Industry

Financial Markets

Previous Events

Approved : Jun 26, 2020
Signed : Jun 29, 2020
Invested : Jul 1, 2020

Sector

Commercial Banking - Trade and Supply Chain

Project Description

The Project comprises of a senior loan of US$50 million to Equity Bank Kenya Limited (“EBK” or the “Bank”) under the COVID-19 Emergency Response WCS Envelope (WCS Envelope). The investment will help expand the Bank’s lending operations to the micro small and medium enterprises (MSMEs) segment in Kenya, especially to companies whose cash flows have been disrupted by the outbreak of the coronavirus pandemic.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation