Financial institutions portfolio 2021

InvestmentCountryInvestment yearSectorInstrumentOwner shareDomicileCommitted (MNOK)
National Development BankSri Lanka2021BankingEquity10%Sri Lanka141.8
Kandeo Fund 3 DebtRegional2021MicrofinanceFunds8%Canada132.3
Ecobank Transnational Incorporated (ETI)Regional2021BankingLoans0%Togo132.3
Quona Inclusion Fund IIIGlobal2021Investment fundsFunds0%Cayman Islands132.3
AmarthaIndonesia2021MicrofinanceLoans0%Indonesia66.5
Cofina Senegal SASenegal2021MicrofinanceLoans0%Senegal49.9
PT Bina Artha VenturaIndonesia2021MicrofinanceLoans0%Indonesia44.3
Lula Lend Proprietary LimitedSouth Africa2021MicrofinanceLoans0%South Africa39.5
First National Bank GhanaGhana2020BankingLoans0%Ghana132.3
Softlogic LifeSri Lanka2020Other financial servicesLoans0%Sri Lanka66.1
LOCFUND NEXT L.P.Regional2020MicrofinanceFunds30%Canada53.4
LOLC (Cambodia) PLC.Cambodia2020MicrofinanceLoans0%Cambodia52.9
Yoma Bank LimitedMyanmar2019BankingEquity11%Myanmar295.0
Mutual Trust Bank LimitedBangladesh2019BankingLoans Equity10%Bangladesh294.2
Equity BankRegional2019BankingLoans0%Kenya132.3
FCMBNigeria2019BankingLoans0%Nigeria88.2
Accion Quona Inclusion Fund LPGlobal2019Investment fundsFunds6%Cayman Islands82.9
Banco BCTCosta Rica2019BankingLoans0%Costa Rica80.8
Optima Servicios Financieros SA de CVEl Salvador2019MicrofinanceEquity36%El Salvador53.7
CredicomerEl Salvador2019MicrofinanceLoans0%El Salvador41.2
AfricInvest Financial Inclusion Vehicle (FIVE)Regional2018BankingEquity21%Mauritius276.7
Banco Promerica Costa RicaCosta Rica2018BankingLoans0%Costa Rica220.5
NMI Fund IVGlobal2018MicrofinanceFunds25%216.0
ONE Bank LimitedBangladesh2018BankingLoans0%Bangladesh49.6
NMI GP IV ASGlobal2018MicrofinanceEquity22%Norway24.0
Banco BDFNicaragua2017BankingLoans0%Nicaragua143.3
AB BankVietnam2017BankingLoans0%Vietnam88.2
Access Bank Plc.Nigeria2017BankingLoans0%Nigeria49.6
Arise B.V.Regional2016BankingEquity33%Netherlands2813.9
FedecreditoEl Salvador2016MicrofinanceLoans0%El Salvador161.7
Banco Promerica GuatemalaGuatemala2016BankingLoans0%Guatemala88.2
Banco Promerica El SalvadorEl Salvador2015BankingLoans0%El Salvador176.4
ARREND Central AmericaRegional2015Other financial servicesLoans Equity22%Guatemala82.8
Advans MFI Myanmar Company LimitedMyanmar2015MicrofinanceLoans Equity40%Myanmar55.4
Myanmar Finance International LimitedMyanmar2015MicrofinanceLoans Equity25%Myanmar24.7
LAFISE NICARAGUANicaragua2014BankingLoans0%Nicaragua176.4
ACLEDA Bank Lao Ltd.Laos2014BankingLoans0%Laos13.6
NorFinance ASRegional2013BankingEquity50%Norway495.1
NMI Fund IIIGlobal2013MicrofinanceFunds26%241.1
Prasac Microfinance Institution Plc.Cambodia2013MicrofinanceLoans0%Cambodia202.8
FDLNicaragua2013MicrofinanceLoans Equity13%Nicaragua91.2
Amret Plc.Cambodia2013MicrofinanceLoans0%Cambodia61.7
LOCFUND IIRegional2013MicrofinanceFunds26%Canada26.6
First Finance Plc.Cambodia2013MicrofinanceLoans Equity15%Cambodia26.1
NMBZ BankZimbabwe2013BankingLoans0%Zimbabwe12.3

About Norfund’s investments in financial institutions in 2020

Financial institutions – impact ambitions and results