CAL Bank SME

A financing package of US$20 mn for CAL Bank Ghana Limited (“CAL Bank” or the “Bank”), a bank co-founded with Commonwealth Development Corporation (CDC) and African Growth Fund, in 1990, and in which IFC was a 25% shareholder until it divested in 2007. The investment comprises of a US$15mn 5 year senior loan to support the Bank’s lending to SMEs and a US$5mn trade finance to support the Bank’s trade finance business.