By facilitating access to financial markets for small banks, Frontclear is allowing them to finance themselves at a lower cost and therefore more effectively control their risks – which ultimately promotes the allocation of loans to their clients.
The Frontier Clearing Corporation is a financial markets development company focused on catalyzing more stable and inclusive interbank markets in emerging and frontier countries.
Frontclear facilitates access for local institutions to local and global financial markets through the issuance of guarantees covering residual counterparty credit risk in interbank transactions. Through its technical assistance program, Frontclear also supports capacity development and the establishment of financial infrastructure in developing countries.
Frontclear enables access to local and global markets for smaller banks, thereby reducing their funding costs and enabling them to manage risk. In turns, this allows the banks to extend more responsible funding to their SME clients. Frontclear support economic development by catalysing the establishment of more liquid, stable and inclusive financial markets in emerging markets and developing countries.
This information is given at the time of signature, without prejudice to any developments in the operation/project
06/03/2015Date of signature of the project
Multi-country Global KenyaLocation
25 531 139 EurosAmount of funding
USD 28m Participatory loan
Frontier Clearing Corporation