AMRET PLC
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
Amret Company is a leading deposit taking micro finance company in Cambodia with around 300,000, mainly rural borrowers, and 3,000 staff. It started in 1991 as an initiative by the French NGO GRET. In 2008 FMO started as a shareholder of 12.25% which was increased to 19.9% in 2015. The French microfinance group Advans has a majority stake.
What is our funding objective?
After sponsor shareholders including GRET and Proparco decided to sell their stake, a combination of Advans, IFC and FMO took over their stake.
Why do we fund this investment?
The intention is to support Amret in its transition into becoming a commercial bank, which will be able to provide clients with more products and attract easier deposits. The focus on the rural sector where Amret is active in more than 11,000 villages, providing group and individual loans to mainly female clients, is a good fit with FMO's strategy. Extra attention in the amended Shareholder Agreement has been given to Corporate Governance topics.
More investments
| Date | Total FMO financing |
|---|---|
| 10/26/2021 | USD 50.00 MLN |
| 7/26/2022 | USD 12.50 MLN |
| 5/2/2022 | USD 11.00 MLN |
| 4/20/2021 | USD 5.00 MLN |
| 5/2/2019 | USD 10.00 MLN |
| 9/24/2018 | USD 12.50 MLN |
- Website customer/investment
- http://www.amret.com.kh
- Region
- Asia
- Country
- Cambodia
- Sector
- Financial Institutions
- Effective date
- 5/23/2014
- Total FMO financing
- USD 16.98 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