ACCESS BANK PLC.
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
Access Bank has been the leading bank in the development and implementation of the Nigerian Sustainable Banking Principles, a set of sustainability guidelines agreed upon by the Nigerian banking sector. The current transaction builds on two of the nine principles, namely 'Women's Economic Empowerment' and 'Financial Inclusion'. Supporting women is an important part of Access Bank's strategy, and has materialized in the launching of the W initiative in July 2014.
What is our funding objective?
W is a dedicated part of Access Bank's business that focuses on providing banking services to women. These services are tailored to women of various ages or stages of life, from studying, to maternity and family care to professional life. The services offered by Access Bank include training, business support, special networking events and special credit lines for female business owners. For these female entrepreneurs Access Bank has established a US$60 million credit line, for which FMO and Access Bank will each provide US$30 million.
Why do we fund this investment?
Because of its SME focus, as well as its focus on financially including women, this credit line has a strong fit with FMO's strategic goals.
More investments
| Date | Total FMO financing |
|---|---|
| 12/9/2021 | USD 45.00 MLN |
| 7/23/2020 | USD 55.00 MLN |
| 1/30/2019 | USD 30.00 MLN |
| 1/12/2023 | USD 38.00 MLN |
- Region
- Africa
- Country
- Nigeria
- Sector
- Financial Institutions
- Effective date
- 11/26/2014
- End date
- 10/29/2019
- Total FMO financing
- USD 30.00 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) - A