PROJECT

Projects

Summary of Investment Information

Project Number

45971

Company Name

ZENITH BANK PLC

Date SPI Disclosed

Apr 14, 2022

Country

Nigeria

Region

Africa

Projected Board Date

May 11, 2022

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Nov 22, 2025

Department

Regional Industry - FIG Africa

Industry

Financial Markets

Previous Events

Approved : Jun 3, 2022
Signed : Jun 17, 2022
Invested : Jul 8, 2022

Sector

Commercial Banking - SME Finance

Project Description

The project consists of a Working Capital Solutions (‘WCS’) facility to Zenith Bank Plc. (“Zenith Bank” or “the Bank”) of up to US$250 million. The facility will have a maturity of up to 3 years and will complement the existing FIG COVID-19 Emergency Response WCS facility (Project# 43988) that was committed in June 2020 and rolled over in June 2021. The project will enable the Bank to provide working capital and trade finance facilities to enterprises in Nigeria, including MSMEs impacted by COVID-19.

Associated Advisory Engagement

                    

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation