According to bank documents, FMO is providing a 4-year USD 10mln loan that will support on-lending to SME's requiring long-term hard-currency to grow their business and bolster export activities.
First Capital Bank Malawi ("FCBM"), formerly known as First Merchant Bank, is a full-service commercial bank that offers financial products and services to corporate, commercial and retail markets in Malawi. FCBM is the third largest bank in Malawi with a 28% market share in the sector of total assets. It has a customer base of 500,000, served by 32 branches and agencies and 850 employees. FCBM is part of the Southern African banking group, FMB Capital Group, that has banking subsidiaries in Botswana, Malawi, Mozambique, Zambia and Zimbabwe. The group has 840k clients, 1,800 employees, an aggregate loan portfolio of over USD 400mln and total assets of over USD 1,100mln.
*Contact information not provided at the time of disclosure*
ACCOUNTABILITY MECHANISM OF FMO
Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism