I&M Bank gets Sh1bn funding from IFC for Rwanda subsidiary
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The Rwandan subsidiary of I&M bank has received financing of Sh1 billion ($10 million) from the International Finance Corporation (IFC) for onward lending to small businesses.
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The Rwandan subsidiary of I&M bank has received financing of Sh1 billion ($10 million) from the International Finance Corporation (IFC) for onward lending to small businesses.
I&M Bank Rwanda (RSE:IMR) has bought Phoenix Metals, a tin smelting plant, in a public auction after the smelter failed to settle loan.
The Rwanda National Investment Trust (RNIT) Iterambere Fund closed its maiden year (October 7, 2016 to October 6, 2017) since closure of the IPO with an annual return of 9.62 per cent, a report from the Fund managers indicates.
Global Credit Ratings has affirmed Bank of Kigali Limited’s long-term and short-term national scale ratings of AA-(RW) and A1+(RW) respectively; with the outlook accorded as Stable. The ratings are valid until September 2018.