Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Industries Company News

Stanbic IBTC secures $90m credit facility

Nairametrics by Nairametrics
April 10, 2015
in Company News
Share on FacebookShare on TwitterShare on Linkedin

Stanbic IBTC Bank said it has secured a $90 million (N18 billion) line of credit facility from the FMO (NederlandseFinancierings- Maatschappijvoor Ontwikkelingslanden N.V). A statement from the bank yesterday explained that the purpose of the facility, consummated recently, was for the financial institution to on-lend to small and medium sized companies for the financing of projects in strategic sectors.

The sectors include agriculture, oil and gas, power, ports, telecom, power, among others within Nigeria. The facility would run for a term of five years. The facility was provided to Stanbic IBTC Bank by FMO along with European Financing Partners (EFP) and DEG – Deutsche Investitions- und EntwicklungsgesellschaftmbH).

The primary lender, FMO, is a Dutch development bank that was established in 1970 by the Dutch Government, commercial banks, the national employers’ association, labour unions, and private investors, in order to make investments in private sector projects within developing countries and emerging markets. The secondary lender, DEG, is a subsidiary of KfW andone of the largest European development finance institutions. For more than 50 years, DEG has been financing and structuring the investments of private companies in developing and emerging market countries.

RelatedPosts

Top stockbroking firms in Nigeria trade N59.8 billion worth of stocks in July 2022

Boosting customers’ holiday experience with Stanbic IBTC Travel Insurance

Chief Executive of Stanbic IBTC Bank, Mr. Yinka Sanni, while commenting on the transaction, noted that the commitment of the lenders showed the confidence they have in the Stanbic IBTC brand. He further emphasised that the facility would enable the bank continue its SME sector growth efforts and move the economy forward.

Source: Thisday

News continues after this ad


 

Related

Tags: Stanbic IBTC

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

inq
avatrade
Stanbic bank
Mega Millions
UBN
Hot forex
Access Bank
Bankers Committee
First bank






    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Ardova denies facing winding up order over Prudent Energy alleged debt to Zenon
    • Buhari disburses N100 billion loan to indigenous pharmaceutical firms
    • Dangote Cement shareholders lose N409 billion on sell pressure

    Follow us on social media:

    Recent News

    Covid-19: Ardova donates solar energy systems to Lagos and Abuja

    Ardova denies facing winding up order over Prudent Energy alleged debt to Zenon

    August 9, 2022
    Buhari disburses N100 billion loan to indigenous pharmaceutical firms

    Buhari disburses N100 billion loan to indigenous pharmaceutical firms

    August 9, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com