PROJECT

Projects

Summary of Investment Information

Project Number

47623

Company Name

ACCESS BANK PLC

Date SPI Disclosed

Mar 27, 2025

Country

Nigeria

Region

Africa

Projected Board Date

Dec 21, 2023

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Apr 30, 2026

Department

CF3CA - Regional Industry - FIG Africa/FIG Central Africa

Industry

Financial Markets

Previous Events

Approved : Dec 21, 2023
Signed : Dec 29, 2023
Invested : Mar 18, 2024

Sector

Commercial Banking - Trade and Supply Chain

Additional Project Attributes

Blended Finance

Project Description

The project consists of a Working Capital Solutions (WCS) facility to Access Bank Plc (Access Bank or the Bank) of US$120.75 million comprising of:

  1. US$70.00 million from IFC own account (the A loan); and
  2. US$50.75 million from private sector participants (B1 loan).

The Project will support the Bank in providing working capital and trade finance facilities to enterprises in Nigeria, including Micro, Small, and Medium Enterprises (MSMEs), of which up to 25% will be allocated to Women MSMEs (WMSMEs).

 

The facility will have a maturity period of 12 months, renewable for an additional 12 months (maximum aggregate exposure of up to 24 months) and will complement the WCS facility of US$50 million to Access Bank processed under the FIG COVID-19 Emergency Response Working Capital Solutions Envelope (WCS Envelope) that was committed in June 2020, rolled over in June 2021 and matured in June 2022 (Project #44047).

Associated Advisory Engagement

The project will be complemented by advisory program on SME strategy that includes WSMEs and credit risk management, among other services under consideration. IFC will also help the Bank strengthen its lending activities and further develop its value proposition to SMEs, including WSMEs, by helping them better participate in the digital economy.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation