The project consists of an investment of up to US$87.5 million in Access Bank PLC (“Access Bank” or the “Bank”) in the form of a subordinated loan with a maturity of 10-years, callable after 5 years and with a 5-year grace period. The investment will enhance the Bank’s regulatory capital and enable to bank to scale up its lending program to micro, small and medium enterprises (“MSMEs’), including lending operations to women-owned MSMEs and climate smart projects.
Status
Active
Start Date
2019
Donor
Funding Instrument
Country
Region
Thematic
Unique ID
=A221+1
Amount in USD (in million)
87.50