Diamond Bank Plc is a publicly held company with over 100,000 shareholders as of January 2007.

IFC’s investment will be for up to $20 million in the form of a senior loan with a seven-year maturity and a grace period of up to two years.

20.0 million (USD)

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	20.0
Equity

* These investment figures are indicative

Diamond Bank Plc is headquartered in Lagos, Nigeria.

The project is expected to make a significant contribution to economic development by increasing access to finance through the provision of much needed financing for micro, small and medium enterprises.

By providing a senior long-term financing to Diamond Bank Plc, IFC would be acting as a catalyst for the expansion of credit availability to micro, small and medium enterprises. IFC would also be demonstrating the viability of the banking business with the micro, small and medium enterprise segment.

This project involves IFC support for the business of micro, small and medium enterprise finance and has been classified as a Category FI project according to IFC’s Environmental and Social Review Procedure. Considering the nature of activities supported, the project will be required to:

- Develop an Environmental & Social Management System (ESMS) relevant to its business process prior to disbursement, that is satisfactory to IFC, and that ensures that all its investments are screened and processed to avoid supporting activities on the IFC exclusion list and that ensures that its corporate projects are in compliance with the applicable National Environmental and Social Laws and regulations.
- Demonstrate commitment and resources to implementing the ESMS, and take action to remedy any gaps in implementation on an ongoing basis.
- Designate appropriate individuals who will have responsibility for implementation of the ESMS.
- Submit a periodic report to IFC as per a format to be provided by IFC.