FIDELITY BANK GHANA LIMITED
Status: Completed 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
Fidelity Bank Ghana Limited (Fidelity) is a full-fledged commercial bank that is focused on becoming a leading bank in Ghana through superior service culture and efficiency. The bank is owned by various private and institutional shareholders. Fidelity is active in the four key sectors of corporate, SME and institutional banking and consumer banking, providing a comprehensive range of products and services.
What is our funding objective?
The purpose of the facility was to enable Fidelity Bank to increase its Tier 2 capital. Fidelity intends to leverage on the stronger capital base to effectively grow its commercial and SME sector client base. Fidelity will on lend to clients mainly in the services, manufacturing and electricity, water and gas sectors. These are key areas for economic growth in Ghana with growing impact on economic development and job creation.
Why do we fund this investment?
FMO believes that this financing will generate strong economic development impact. Through the Tier 2 facility, Fidelity has significantly increased and contributed to SME funding in Ghana. Medium and small and medium enterprises are an important driver for economic growth, income and employment in Ghana. FMO will also contribute to diversification of the financial sector. Fidelity Bank focuses on alternative distribution channels including e-learning and agency banking that contribute to financial inclusion in the country.
More investments
| Date | Total FMO financing |
|---|---|
| 12/21/2021 | USD 25.00 MLN |
| 8/29/2017 | EUR 0.11 MLN |
- Website customer/investment
- http://www.fidelitybank.com.gh
- Region
- Africa
- Country
- Ghana
- Sector
- Financial Institutions
- Effective date
- 8/1/2014
- End date
- 3/23/2022
- Total FMO financing
- USD 18.50 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) - A