PROJECT

Projects

Summary of Proposed Investment

Project Number

29536

Company Name

NBS BANK LIMITED

Date SPI Disclosed

May 13, 2010

Country

Malawi

Industry

Financial Markets

Projected Board Date

Jun 15, 2010

Status

Completed

Sector

Commercial Banking - General

Department

Regional Industry - FIG ME & Africa

Environmental Category

FI

Previous Events

Approved : Jun 10, 2011
Signed : Jun 30, 2011
Invested : Sep 21, 2011

Project Description

NBS Bank Limited (“NBS” or the “Bank”) plans to raise ordinary equity capital of up to $10 million through a combination of a rights issue and private placement to IFC. IFC’s proposed investment will consist of a straight equity investment of up to $10.0 million. The proposed project intends to strengthen the Bank’s capitalization and expand its capacity to sustainably manage its growth, especially in its SME target market segment.

Sponsor / Cost / Location

Development Impact