EXIM BANK (TANZANIA) 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
Exim was founded in 1997 by five local shareholders, making it Tanzania’s largest indigenous bank. In 2007, Exim started its regional expansion by setting up a subsidiary in Comoros, making steps towards its ambition of becoming an East African Bank. This was followed by Djibouti in 2011 and Uganda in 2016, where Exim acquired 58.6% of the shares of former Imperial Bank (Uganda) Limited, investing ~USD 7mln in the subsidiary.
What is our funding objective?
FMO is providing a 5-year USD 35 mln loan to strengthen Exim’s funding base with long-term USD financing and finance to SMEs.
Why do we fund this investment?
Exim Bank is a strong and well-reputed Tier 1 bank in Tanzania and existing client of FMO. FMO is supporting Exim as part of our strategy to grow and deepen customer relationships. Through this facility, FMO will support job creation, in many sectors in Tanzania
What is the Environmental and Social categorization rationale?
This facility has been categorised as Category B in accordance with FMO’s Sustainability Policy. The trade finance activities are deemed to have potential limited adverse environmental and social risks and/or impacts. As part of this facility, Exim Bank will be required to apply the EDFI Exclusion List and national E&S laws and regulations.
More investments
| Date | Total FMO financing |
|---|---|
| 3/26/2024 | USD 10.00 MLN |
- Website customer/investment
- http://www.eximbank-tz.com
- Region
- Africa
- Country
- Tanzania, United Republic of
- Sector
- Financial Institutions
- Effective date
- 9/27/2017
- Total FMO financing
- USD 70.00 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