CRDB Bank Signs USD 75 Million Long-Term Financing Facility

CRDB Bank signed an approximately ten-year, USD 75 million financing facility with the Dutch Entrepreneurial Development Bank, FMO. The funding will strengthen its Tier II capital and expand lending to micro, small and medium-sized enterprises, with a guarantee from the European Commission’s MSME platform. At the Africa Investor Forum in Bangkok, the bank also launched its Sustainable Development Impact Disclosure Framework, renewed a memorandum of understanding with Afreximbank and marked the extension of a USD 10 million facility for its DRC subsidiary to support affordable housing.