UBA subsidiaries (IFC-38549)

  • Africa
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 23, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
The holder of the loan, grant, or other investment.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 67.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Sep 23, 2017

Disclosed by Bank May 12, 2017

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Project Description
The proposed project will make available a total of up to US$67 million in senior loans with tenors of up to 5-years to the following banking subsidiaries of United Bank for Africa Plc (“UBA Plc”): United Bank for Africa Burkina S.A in Burkina Faso, United Bank for Africa Cameroon S.A. in Cameroon, United Bank for Africa (Ghana) Limited in Ghana, United Bank for Africa Liberia Limited in Liberia, and United Bank for Africa Senegal S.A. in Senegal. The proposed project will support each subsidiary’s lending program to small and medium enterprises in their respective country of operation.
Investment Description
  • International Finance Corporation (IFC)
Contact Information
United Bank for Africa Plc Sola Yomi-Ajayi Group Head, Global Financial Institutions UBA House, 57 Marina, Lagos Island, Lagos, Nigeria www.ubagroup.com ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/