Access Bank Plc

In brief

Access Bank is an existing client of Finnfund. The loan is to refinance the already matured and repaid loan, strengthen the bank’s Tier II capital base, and support its MSME on-lending activities in Nigeria.

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Main development impact

Nigeria has a population of approximately 230-240 million, with a young population needing sustainability and hope for their future. A functioning financing system supports this by supporting the many MSME-driven jobs and bringing financial inclusion. Although this investment is not 2X applicable, it is noteworthy that women own approximately 41% of micro-businesses in Nigeria. Micro-businesses account for over 23 million enterprises, and women entrepreneurs are one of Access Banks key customer segments with the Banks W-Initiative.

Investment details

Name:	Access Bank Plc
Project number:	80000002
Region:	Africa
Country:	Nigeria
Sector:	Financial institution
Signing date (month/year):	July 2024
Currency:	USD
Finnfund's financing (commitment):	10,000,000
Instrument:	Loan
Size of the project financing:	USD 295,000,000
Share of Finnfund's financing (%):	4 %
Status:	Active
Website:	www.accessbankplc.com

Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year.

Other investments

Name	Country	Signing date (month/year)	Currency	Finnfund's financing (commitment)	Instrument
A.T. Biopower Co. Ltd.	Thailand	2004
Access Bank Plc	Nigeria	December 2020	USD	10,000,000	Loan

July

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Access Bank Plc

In brief

Main development impact

Investment details

Other investments

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Key facts