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Equity investment in AB Bank Zambia to support its SME financing
Project
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Signature date
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Location
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Zambia
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Financing tool
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Financing amount (Euro)
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171955
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Financing details
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FISEA participation in the capital increase of AB Bank Zambia, ZMW 3,934,522
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Customer
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AB Bank Zambia
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Type of customer
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Financial institution
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Country of headquarters
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Zambia
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Project number
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IZM1002
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Environmental and social ranking
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IF-C
This information is given at the time of signature, without prejudice to any developments in the operation/project.
Following an initial equity investment in 2019, Proparco is renewing its support to AB Bank Zambia by participating in its capital increase for the second time.
Client presentation
AB Bank Zambia is the only bank in Zambia whose activity is dedicated to financing MSMEs.
Project description
FISEA, the AFD Group facility advised by Proparco, is participating in the capital increase of AB Bank Zambia, alongside Access Microfinance Holding AG, the majority shareholder and founder of AB Bank. It is AB Bank Zambia’s second capital increase via FISEA following the first in 2019.
Project impact
The participation in the capital increase is supporting the institution, which has been affected by the health and economic crisis the country has been going through since 2020.