PROJECT

Projects

Summary of Investment Information

Project Number

43991

Company Name

DIAMOND TRUST BANK KENYA LIMITED

Date SPI Disclosed

Aug 10, 2020

Country

Kenya

Region

Africa

Projected Board Date

Jun 29, 2020

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Oct 29, 2022

Department

Regional Industry - FIG Africa

Industry

Financial Markets

Previous Events

Approved : Jun 29, 2020
Signed : Aug 5, 2020
Invested : Sep 3, 2020

Sector

Commercial Banking - General

Project Description

 The proposed investment in Diamond Trust Bank Kenya Limited (DTB or the Bank) consists of a one-year, renewable Senior loan of up to US$50,000,000 under the COVID-19 Emergency Response Working Capital Solutions Envelope (WCS Envelope). The purpose of the loan is to support the Bank to meet the COVID-19 related working capital and trade-related needs of its clients, a large portion of which are Small and Medium Enterprises (SMEs.

Associated Advisory Engagement

                        N/A                           

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation