• Malawi
Where the impacts of the investment may be experienced.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
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
Dec 5, 2019
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)
$ 10.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ FMO website

Updated in EWS Jan 8, 2020

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Project Description

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.

Investment Description
  • Netherlands Development Finance Company (FMO)
Private Actors

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

*Contact information not provided at the time of disclosure*


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: