Project detail - ACCESS BANK (GHANA) LIMITED

ACCESS BANK (GHANA) LIMITED

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Who is our client

Access Bank Ghana (ABG) is a medium sized commercial bank that offers full financial services to a growing corporate segment. The bank is also active in the SME and retail sectors. ABG is part of Access Bank Plc, a top banking group based in Nigeria, with operations in several other African countries.

Funding objective

FMO provided a USD$ 20M facility to Access Bank Ghana (ABG) with Proparco as lead arranger. The funding is focused mainly on-lending to corporate clients to strengthen trade finance activity. Since 2013 the Access Bank Group, including ABG has added SME focus to the Group strategy, as such part of the facility is being used to grow ABG’s SME portfolio through extending inclusive loans to women in the SME sector.

Why we fund this project

FMO is committed to inclusive economic development. By providing long-term funding to Access Bank Ghana, FMO will contribute to women‘s economic empowerment and to the development of a robust SME and corporate sector in Ghana. The banking sector in Ghana is a major channel of economic growth. Organisations like FMO and Proparco can play a major role by increasing long-term financing capacity as well as helping Access Bank Ghana to develop a broader range of products dedicated to SMEs and expand its reach within the Ghanaian market.

More investments

Date Total FMO financing
3/12/2018 USD 25.00 MLN
Region
Africa
Country
Ghana
Sector
Financial Institutions
Signing date
9/29/2014
Total FMO financing
USD 20.00 MLN
Fund
FMO
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