Stanbic Bank

Africa Financial services

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.

We are invested in Stanbic Bank through European Financing Partners V, which is managed by European Financing Partners. For further information on the fund, the fund manager, and the expected impact of the fund’s investment, click here.

Key facts

Status:
Active
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
Domicile

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

:
Nigeria