Stanbic Bank (Zambia) is a wholly-owned subsidiary of Standard Bank Group and is the second largest bank in Zambia in terms of total assets. The loan from CDC will be used for on-lending to Stanbic’s customers where there is a high foreign exchange business need to support exports.
Key facts
- Status:
- Exited
- Region
:
Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.
- Africa
- Sector
:
We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.
- Financial services
- Investment type
:
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Intermediated investment
- Fund:
- European Financing Partners V
- Fund Manager:
- European Financing Partners
- Start date
:
For direct investments, this is the date CDC committed capital to the business or project.
For funds, this is the date that CDC committed capital to the fund.
For underlying fund investments, this is the date that the fund invested capital into the business.e
- April 2015
- End date
:
For direct equity investments, this is the date at which CDC exited the investment.
For debt investments, this is the date at which the final debt repayment was made.
For funds, this is the date at which the fund was terminated.
For underlying fund investments, this is the date at which the fund manager exited the investment.
- December 2019
- Domicile
:
This is the investee company’s place of incorporation; or a fund’s jurisdiction.
- Nigeria
