ECOBANK NIGERIA LIMITED

FMO arranged a US$ 75 mln subordinated term loan that will qualify as Tier II capital to comply with the increased capital norms by Central Bank of Nigeria for systemically important banks. The 7-year loan facility will have a strong multiplier effect on the growth of Ecobank's loan portfolio and enable much needed private sector development in Africa's largest economy. FMO arranged the transaction and as well as its own US$ 30 mln, it catalyzed funding from Deutsche Investitions- und Entwicklungsgesellschaft mbH -DEG (US$ 20 mln), Amethis Africa Finance Ltd (US$15 mln) and Swedfund International AB (US$10 mln).