Standard Bank Malawi

East Africa,Africa Financial services

The Standard Bank of Malawi (SBM), previously known as the Commercial Bank of Malawi, is one of the country’s national banks. It has 19 branches across Malawi and a workforce of 600.

The bank began life in 1969 and after several changes – including an IPO – Standard Bank became the majority shareholder in 2001.

Our investment

In April 2014, CDC made a $25 million loan to SBM. The seven-year credit facility is intended to support SBM’s efforts to increase lending to local businesses, particularly those with a need for foreign exchange.

Our impact

Malawi has periodically faced shortages of long-term foreign currency funding and our loan will help SBM to provide longer term funds to corporate customers in need of FX for expansion capital and growth.

The loan will help SBM to manage its foreign exchange risk and run a more stable loan book.

This, in turn, will support the country's export-oriented businesses and drive economic development and job growth

Environmental and social aspects

We worked with Standard Bank Malawi to ensure that international environmental and social standards were met in the delivery of each of the loans provided via the facility

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, East Africa
Countries:
Malawi
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
Website:
https://www.standardbank.co.mw/
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Direct Debt
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 2014
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.

:
August 2017
Amount

For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).

For funds, this is the total amount that CDC has committed to the fund.

:
$25m
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
Malawi