African Banking Corporation Zambia
- (Exited)
- Active: Exited
- Region: Africa
- Country: Zambia
- Sector: Banking
- Year: 2011
- Domicile: Zambia
- Instrument:
- Commitment (MNOK) as of 30.09.2018: 0
- Original Commitment (MNOK): 29.3
African Banking Corporation Zambia Limited (ABCZ) is a commercial bank in Zambia that service SMEs and microfinance clients. ABCZ is a fully owned subsidiary of ABC Holdings Limited (brand name: BancABC). They provide a full range of banking services and credit products. Norfund’s loan facilitated the growth of ABCZ’s loan book, enabling the bank to provide better and longer-term loans to its SME-customers. The loan is now fully repaid. Norfund has provided USD 5 million loan.
Norfund's return on this investment (IRR) was 5,1%.
