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Access Bank Ghana is the Ghanaian subsidiary of a Nigerian group and is planning to develop its SME and corporate activity. This will strengthen Ghana’s banking sector and facilitate access to financing for companies.
Client presentation
Access Bank Ghana (ABG) is the Ghanaian subsidiary of the Nigeria group Access Bank Plcs. ABG started its activities in 2009 and merged with Intercontinental Bank in late 2011. It is today the 14th largest bank in the country for the size of its balance sheet. It focuses on the segments of enterprises (72%), SMEs (23%) and microenterprises/private customers (5%).
Project description
Proparco’s loan will contribute to financing ABG’s strategic plan. The bank plans to extend its network of branches and develop its SME and corporate activity. It is Proparco’s second operation to support Access Bank Group.
Project impact
This operation will contribute to strengthening Ghana’s banking sector and will facilitate access to financing for companies in the country. The project will also support employment in an institution which employs 500 people, 50% of whom are women.
29/09/2014
Date of signature of the project
Ghana
Location
Financing tool
16 473 108 Euros
Amount of funding
Loan of USD 20 M
Financing details
ACCESS BANK GHANA
Client