CHASE BANK (KENYA) LIMITED
Status: Approved investmentWhy disclosure?
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In case of questions
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
Chase Bank Kenya Limited (Chase Bank) is a commercial bank that was incorporated in 1995. The bank has a keen focus on financing Small and Medium sized Enterprises (SMEs) particularly in the women, youth and agriculture sectors in order to enhance financial inclusion and foster economic development in Kenya. Chase Bank differentiates itself by a strong customer focus (relationship banking), innovation and by leveraging on strategic partnerships.
What is our funding objective?
FMO is the lead arranger in a syndicated credit facility to Chase Bank. The purpose of the facility is to provide affordable long term funding to the Kenyan SME sector. FMO was joined in this facility by the OPEC Fund for International Development, the European Financing Partners S.A. and the ACTIAM-FMO SME Finance Fund.
Why do we fund this investment?
Chase Bank is an entrepreneurial institution with a strong track record of growth. The bank has a key focus on Kenyan SMEs, a segment that has limited access to finance. It matches FMO’s strategy to enhance economic growth and contribute to job creation through the financing of SMEs. FMO’s involvement is additional as long-term financing is not readily available in the local market or from other commercial lenders.
- Website customer/investment
- http://www.chasebankkenya.co.ke
- Region
- Africa
- Country
- Kenya
- Sector
- Financial Institutions
- Effective date
- 9/29/2014
- Total FMO financing
- USD 25.00 MLN
- Funding
- FMO NV
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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) - C