Original disclosure @ IFC website
Updated in EWS Jan 10, 2023
Disclosed by Bank Nov 10, 2022
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According to the Bank’s website, the proposed IFC investment consists of an up to US$100 million WCS facility with 24 month maturity (renewable once for an aggregate period of up to 36 months) to Diamond Trust Bank Kenya Limited (DTB or the Bank) under the WCS COVID-19 FIGE response facility. DTB is a leading regional banking group, operating in East Africa for over 70 years and an IFC partner for more than 25 years. The Bank is the 7th largest by asset size in Kenya, with a 5.8 percent market share, serving over 317,000 clients in Kenya (and over 626,000 in East Africa).
Diamond Trust Bank Kenya Limited
Finance and Strategy Director
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ACCOUNTABILITY MECHANISM OF IFC/MIGA
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