Financial institutions portfolio 2020

InvestmentCountryInvestment yearSectorInstrumentNorfund owner shareDomicilieCommitted amount (MNOK)
Softlogic LifeSri Lanka2020Other financial servicesLoansSri Lanka63.9
First National Bank GhanaGhana2020BankingLoansGhana127.9
LOLC (Cambodia) PLC.Cambodia2020MicrofinanceLoansCambodia85.3
LOCFUND NEXT, L.P.America2020MicrofinanceFunds30 %Canada53.7
Equity BankAfrica2019BankingLoansKenya127.9
Banco BCTAmerica2019BankingLoansCosta Rica85.3
FCMBNigeria2019BankingLoansNigeria85.3
Yoma Bank LimitedMyanmar2019BankingEquity11 %Myanmar294.9
Optima Servicios Financieros SA de CVAmerica2019MicrofinanceEquity36 %El Salvador52.7
Mutual Trust Bank LimitedBangladesh2019BankingEquity and Loans10 %Bangladesh324.7
CredicomerEl Salvador2019MicrofinanceLoansEl Salvador59.7
Accion Quona Inclusion Fund LPGlobal2019Investment fundsFunds6 %Cayman Islands82.2
ONE Bank LimitedBangladesh2018BankingLoansBangladesh79.9
NMI GP IV ASGlobal2018MicrofinanceEquity22 %Norway24.0
CAL Bank LimitedGhana2018BankingLoansGhana34.1
AfricInvest Financial Inclusion Vehicle (FIVE)Africa2018BankingEquity22 %Mauritius178.5
Banco Promerica Costa RicaCosta Rica2018BankingLoansCosta Rica213.3
NMI Fund IVGlobal2018MicrofinanceFunds25 %0216.0
AB BankVietnam2017BankingLoansVietnam142.2
Access Bank Plc.Nigeria2017BankingLoansNigeria79.9
City Bank LimitedBangladesh2017BankingLoansBangladesh85.3
Banco BDFNicaragua2017BankingLoansNicaragua74.6
Arise B.V.Africa2016BankingEquity33 %Netherlands2,804.5
FedecreditoEl Salvador2016MicrofinanceLoansEl Salvador170.6
Banco Promerica GuatemalaGuatemala2016BankingLoansGuatemala85.3
Advans MFI Myanmar Company LimitedMyanmar2015MicrofinanceEquity and Loans40 %Myanmar54.8
Banco Promerica El SalvadorEl Salvador2015BankingLoansEl Salvador102.3
Myanmar Finance International LimitedMyanmar2015MicrofinanceEquity and Loans25 %Myanmar20.2
ARREND Central AmericaAmerica2015Other financial servicesEquity and Loans22 %Guatemala89.6
LAFISE NICARAGUANicaragua2014BankingLoansNicaragua187.7
ACLEDA Bank Lao Ltd.Laos2014BankingLoansLaos47.0
Amret Plc.Cambodia2013MicrofinanceLoansCambodia93.8
NMBZ BankZimbabwe2013BankingLoans9 %Zimbabwe11.9
Prasac Microfinance Institution Plc.Cambodia2013MicrofinanceLoansCambodia247.4
FDLNicaragua2013MicrofinanceEquity and Loans13 %Nicaragua114.3
Norfinance ASAfrica2013BankingEquity50 %Norway483.0
First Finance Plc.Cambodia2013MicrofinanceEquity and Loans15 %Cambodia34.0
NMI Fund IIIGlobal2013MicrofinanceFunds26 %0241.1
LOCFUND IIAmerica2013MicrofinanceFunds26 %Canada53.8
Alios Finance Tanzania LtdTanzania2012Other financial servicesLoansTanzania2.8
Ficohsa HondurasHonduras2012BankingLoansHonduras170.6
NorsadAfrica2011Other financial servicesEquity15 %Botswana56.8
DesyfinCosta Rica2011Other financial servicesEquity and Loans23 %Costa Rica106.7
HEFFAmerica2011MicrofinanceFunds33 %Delaware20.4
ProsperoAmerica2011MicrofinanceFunds22 %Cayman Islands42.3

About Norfund’s investments in financial institutions in 2020

Financial institutions – impact ambitions and results