ACCESS BANK RD CONGO SA (FMO-57263)

Countries
  • Congo, Democratic Republic of
Geographic location 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
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Dec 13, 2019
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Access Bank DR Congo SA
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Ring Fence
  • Small & Medium Enterprises
A financial intermediary is a commercial bank or financial institution that receives funds from a development bank, sometimes for a specific lending purpose. A "ring fence" is another name for this specific purpose. These funds are then used for lending by the financial intermediary to client companies or individuals.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. 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, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ FMO website

Updated in EWS Jan 22, 2020


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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

FMO is providing a USD 10 million senior unsecured loan to facilitate the finance of Access Bank's small and medium-sized enterprises (SME) portfolio in the DRC. The project has a strong emphasis on social and environmental safeguards, particularly on potential human rights impacts.

 

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Financial Intermediary
A financial intermediary is a bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Access Bank DR Congo SA is a subsidiary of long-standing client Access Bank Plc of Nigeria. Access Bank is part of a pan-African financial group listed on the Nigerian Stock Exchange. It strives to deliver sustainable economic growth that is profitable, environmentally responsible, and socially relevant.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
Access Bank Group Investor Finance invests in Bk Of Ind Ltd Parent Company Construction
Access Bank Group Investor Finance invests in EA Field New Wells Drilling Client Mining
Access Bank Group Investor Finance invests in Eni SpA Parent Company Mining
Access Bank Group Investor Finance invests in Federal Republic of Nigeria Parent Company Mining
Access Bank Group Investor Finance invests in Nigeria Liquified Natural Gas Client Mining
Access Bank Group Investor Finance invests in Nigeria LNG Complex Train 7 Client Mining
Access Bank Group Investor Finance invests in Nigerian National Petroleum Corporation Parent Company Mining
Access Bank Group Investor Finance invests in Project Cheetah (Infill Client Mining
Access Bank Group Investor Finance invests in Royal Dutch Shell Parent Company Mining
Access Bank Group Investor Finance invests in Royal Dutch Shell plc Parent Company Mining
Access Bank Group Investor Finance invests in STOGG Eagle Funding Ltd Client Mining
Access Bank Group Investor Finance invests in total Parent Company Mining
Eni SpA Parent Company Mining owns Nigeria LNG Complex Train 7 Client Mining
Federal Republic of Nigeria Parent Company Mining owns Nigeria Liquified Natural Gas Client Mining
Federal Republic of Nigeria Parent Company Mining owns Project Cheetah (Infill Client Mining
Federal Republic of Nigeria Parent Company Mining owns STOGG Eagle Funding Ltd Client Mining
Nigerian National Petroleum Corporation Parent Company Mining owns Nigeria LNG Complex Train 7 Client Mining
Royal Dutch Shell Parent Company Mining owns Nigeria LNG Complex Train 7 Client Mining
Royal Dutch Shell plc Parent Company Mining owns EA Field New Wells Drilling Client Mining
total Parent Company Mining owns Nigeria LNG Complex Train 7 Client Mining

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

South Africa
+27 11 507 2500
joburg-office@fmo.nl

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

How it works

How it works