Delphos Arranges OFID Loan for CAL Bank

Delphos and Avinture Group, acting as co-financial advisors to CAL Bank, raised $20 million in unsecured, long-term debt financing from the OPEC Fund for International Development (“OFID”) in support of CAL Bank’s growing lending activity. The facility will help CAL Bank, a leading independent bank in Ghana, meet the burgeoning capital needs of its corporate and SME clients. At the time, CAL Bank’s shareholders included Development Partners International (“DPI”) managed fund and Proparco, among others. Founded in July 1990, CAL Bank is one of the fastest growing indigenous banks in Ghana operating through a network of 19 branches and 80 ATMs across the major cities and business districts of the country.Fun

Details

Category

  • Financial Services

Client Name

CAL Bank

Services Provided

  • Capital Raising

Region

  • Sub-Saharan Africa

Country

  • Ghana