Zenith Bk Ghana (IFC-39317)

Countries
  • Ghana
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
Proposed
Bank Risk Rating
U
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.
Borrower
ZENITH BANK (GHANA) LTD
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 40.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Nov 28, 2017

Disclosed by Bank Mar 3, 2017


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Project Description
The proposed project consists of an investment package of: (i) a US$40 million senior loan; and (ii) a US$10 million GTFP line to Zenith Bank Ghana limited ("Zenith" or the "Bank"). Zenith Ghana was incorporated in April 2005 as a universal Bank in Ghana. The proposed investment aims to support the growth of the Bank's SME portfolio and expand the volume of its trade finance activities.
Investment Description
  • International Finance Corporation (IFC)
Contact Information
Zenith Bank (Ghana) Limited Leslie K. Awude Head,Treasury (+233) 302 611500 Leslie.Awude@zenithbank.com.gh Premier Towers, Liberia Road, PMB CT 393, Cantonments, Accra,Ghana www.zenithbank.com.gh 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/