PROJECT

Projects

Summary of Investment Information

Project Number

46966

Company Name

DIAMOND TRUST BANK KENYA LIMITED

Date SPI Disclosed

Nov 10, 2022

Country

Kenya

Region

Africa

Projected Board Date

Sep 30, 2022

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Dec 18, 2024

Department

Regional Industry - FIG Africa

Industry

Financial Markets

Previous Events

Approved : Sep 30, 2022
Signed : Oct 24, 2022
Invested : Oct 26, 2022

Sector

Commercial Banking - SME Finance

Project Description

The proposed IFC investment consists of an up to US$100 million WCS facility with 24 month maturity (renewable once for an aggregate period of up to 36 months) to Diamond Trust Bank Kenya Limited (DTB or the Bank) under the WCS COVID-19 FIGE response facility. DTB is a leading regional banking group, operating in East Africa for over 70 years and an IFC partner for more than 25 years. The Bank is the 7th largest by asset size in Kenya, with a 5.8 percent market share, serving over 317,000 clients in Kenya (and over 626,000 in East Africa).

Associated Advisory Engagement

       

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation