ACCESS BANK (GHANA) LIMITED
Status: Completed investmentWhy disclosure?
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In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Access Bank Ghana (ABG) is a medium sized commercial bank that offers full financial services to a growing corporate segment. The bank is also active in the SME and retail sectors. ABG is part of Access Bank Plc, a top banking group based in Nigeria, with operations in several other African countries.
What is our funding objective?
FMO provided a USD$ 20M facility to Access Bank Ghana (ABG) with Proparco as lead arranger. The funding is focused mainly on-lending to corporate clients to strengthen trade finance activity. Since 2013 the Access Bank Group, including ABG has added SME focus to the Group strategy, as such part of the facility is being used to grow ABG’s SME portfolio through extending inclusive loans to women in the SME sector.
Why do we fund this investment?
FMO is committed to inclusive economic development. By providing long-term funding to Access Bank Ghana, FMO will contribute to women‘s economic empowerment and to the development of a robust SME and corporate sector in Ghana. The banking sector in Ghana is a major channel of economic growth. Organisations like FMO and Proparco can play a major role by increasing long-term financing capacity as well as helping Access Bank Ghana to develop a broader range of products dedicated to SMEs and expand its reach within the Ghanaian market.
More investments
| Date | Total FMO financing |
|---|---|
| 3/12/2018 | USD 25.00 MLN |
- Region
- Africa
- Country
- Ghana
- Sector
- Financial Institutions
- Effective date
- 9/29/2014
- End date
- 10/26/2021
- Total FMO financing
- USD 20.00 MLN
- Funding
- FMO NV
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B