PROJECT

Projects

Summary of Investment Information

Project Number

46233

Company Name

PROVIDUSBANK PLC

Date SPI Disclosed

Oct 28, 2022

Country

Nigeria

Region

Africa

Environmental Category

C - No Impact

Status

Pending Disbursement

Last Updated Date

Nov 19, 2025

Department

Regional Industry - FIG Africa

Industry

Financial Markets

Previous Events

Approved : Nov 11, 2004
Signed : Oct 27, 2021

Sector

Commercial Banking - Trade

Project Description

The proposed project consists of a US$10mn GTFP facility for Providus Bank to cover trade transactions with a door-to-door tenor of up to 6 months. This facility will allow the bank to grow its trade finance business, support the import substitution initiative, access foreign exchange where required as well as create access to a wider network of confirming banks.

Associated Advisory Engagement

 There is no advisory services engagement associated with the project.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation