Montreal (Quebec), 17 July 2024 – Canada’s bilateral Development Finance Institution, FinDev Canada, announces a senior loan of US$ 100 million to FirstRand Bank Limited (FRB), the wholly-owned banking subsidiary of FirstRand Limited (FirstRand), Africa’s largest financial services group by market capitalization.
Montreal (Quebec), 17 July 2024 – Canada’s bilateral Development Finance Institution, FinDev Canada, joins the Dutch entrepreneurial development bank FMO and seven other impact investors to announce a $US 295 million commitment to Access Bank, Nigeria’s leading bank.
Montreal (Quebec), 15 July 2024 – FinDev Canada, Canada’s bilateral Development Finance Institution, is investing up to $US 20 million in a blue bond issued by Banco Nacional de Costa Rica (BNCR). This transaction builds on FinDev Canada’s successful past collaboration with BNCR, through the corporation’s $US 30 million participation in an IDB Invest-led subordinated social bond in 2022.
Montreal (Quebec), 14 June 2024 – Canada’s bilateral Development Finance Institution, FinDev Canada, will have additional resources to increase its support for sustainable and inclusive development through the private sector in emerging markets and developing countries.
Montreal (Quebec), 1 May 2024 – FinDev Canada, Canada’s bilateral Development Finance Institution (DFI), has joined the DFI Working Group on Blended Concessional Finance for Private Sector Projects (DFI Blended Finance Working Group), and endorsed the DFI Enhanced Principles for Blended Concessional Finance. These principles represent best practice among DFIs, promoting high standards, additionality, commercial sustainability, crowding-in and minimum concessionality, as well as reinforcing markets.
