Nigeria – Line of Credit to FSDH Merchant Bank Limited

This project is a three and a half years Line of Credit of up to USD 50 million to support FSDH Merchant Bank Limited (FSDH) to expand its provision of trade finance (TF) to indigenous firms in Nigeria. This facility will hence provide FSDH with a much needed source of stable funds (FX) to strengthen its trade finance capabilities. The facility will also enable FSDH establish a track record and a demonstration effect providing comfort to international banks to avail it more trade lines. The Bank’s support is also additional at a time when traditional sources of trade liquidity are constrained and major global banks are receding to their traditional and core markets. This TF facility will be availed to FSDH in two disbursements of USD 35 million and USD 15 million.