Original disclosure @ IFC website
Updated in EWS Jun 29, 2021
Disclosed by Bank May 19, 2021
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The Project consists of a $50 million Tier 2-qualifying subordinated loan to I&M Bank Limited, Kenya, I&M Holdings Plc's largest subsidiary. To meet the Central Bank of Kenya's Tier 2 capital requirements, the facility will have a maturity of up to 7 years, with a 5-year grace period. The proposed investment will provide I&MK with a subordinated loan that will qualify as tier 2 capital under Kenyan law, enhancing the Bank's capitalization and allowing it to finance its lending operations to small and medium enterprises (SMEs).
I&M Bank Ltd
Henry M. Kirimania
General Manager, Treasury
+254 (20) 322 1280
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