{"id":3855,"date":"2021-05-25T14:29:49","date_gmt":"2021-05-27T12:44:05","guid":{"rendered":"https:\/\/norfund.wpenginepowered.com\/annualreport-2020\/?page_id=3855"},"modified":"2022-06-01T14:56:32","modified_gmt":"2022-06-01T12:56:32","slug":"financial-institutions-portfolio-2021","status":"publish","type":"page","link":"https:\/\/reports.norfund.no\/annualreport-2021\/investments-areas\/financial-institutions\/financial-institutions-portfolio-2021\/","title":{"rendered":"Financial institutions portfolio 2021"},"content":{"rendered":"
<\/thead><\/tbody><\/table><\/div><\/div>\n\n
Investment<\/th>Country<\/th>Investment year<\/th>Sector<\/th>Instrument<\/th>Owner share<\/th>Domicile<\/th>Committed (MNOK)<\/th><\/tr><\/thead>
National Development Bank<\/td>Sri Lanka<\/td>2021<\/td>Banking<\/td>Equity<\/td>10%<\/td>Sri Lanka<\/td>141.8<\/td><\/tr>
Kandeo Fund 3 Debt<\/td>Regional<\/td>2021<\/td>Microfinance<\/td>Funds<\/td>8%<\/td>Canada<\/td>132.3<\/td><\/tr>
Ecobank Transnational Incorporated (ETI)<\/td>Regional<\/td>2021<\/td>Banking<\/td>Loans<\/td>0%<\/td>Togo<\/td>132.3<\/td><\/tr>
Quona Inclusion Fund III<\/td>Global<\/td>2021<\/td>Investment funds<\/td>Funds<\/td>0%<\/td>Cayman Islands<\/td>132.3<\/td><\/tr>
Amartha<\/td>Indonesia<\/td>2021<\/td>Microfinance<\/td>Loans<\/td>0%<\/td>Indonesia<\/td>66.5<\/td><\/tr>
Cofina Senegal SA<\/td>Senegal<\/td>2021<\/td>Microfinance<\/td>Loans<\/td>0%<\/td>Senegal<\/td>49.9<\/td><\/tr>
PT Bina Artha Ventura<\/td>Indonesia<\/td>2021<\/td>Microfinance<\/td>Loans<\/td>0%<\/td>Indonesia<\/td>44.3<\/td><\/tr>
Lula Lend Proprietary Limited<\/td>South Africa<\/td>2021<\/td>Microfinance<\/td>Loans<\/td>0%<\/td>South Africa<\/td>39.5<\/td><\/tr>
First National Bank Ghana<\/td>Ghana<\/td>2020<\/td>Banking<\/td>Loans<\/td>0%<\/td>Ghana<\/td>132.3<\/td><\/tr>
Softlogic Life<\/td>Sri Lanka<\/td>2020<\/td>Other financial services<\/td>Loans<\/td>0%<\/td>Sri Lanka<\/td>66.1<\/td><\/tr>
LOCFUND NEXT L.P.<\/td>Regional<\/td>2020<\/td>Microfinance<\/td>Funds<\/td>30%<\/td>Canada<\/td>53.4<\/td><\/tr>
LOLC (Cambodia) PLC.<\/td>Cambodia<\/td>2020<\/td>Microfinance<\/td>Loans<\/td>0%<\/td>Cambodia<\/td>52.9<\/td><\/tr>
Yoma Bank Limited<\/td>Myanmar<\/td>2019<\/td>Banking<\/td>Equity<\/td>11%<\/td>Myanmar<\/td>295.0<\/td><\/tr>
Mutual Trust Bank Limited<\/td>Bangladesh<\/td>2019<\/td>Banking<\/td>Loans Equity<\/td>10%<\/td>Bangladesh<\/td>294.2<\/td><\/tr>
Equity Bank<\/td>Regional<\/td>2019<\/td>Banking<\/td>Loans<\/td>0%<\/td>Kenya<\/td>132.3<\/td><\/tr>
FCMB<\/td>Nigeria<\/td>2019<\/td>Banking<\/td>Loans<\/td>0%<\/td>Nigeria<\/td>88.2<\/td><\/tr>
Accion Quona Inclusion Fund LP<\/td>Global<\/td>2019<\/td>Investment funds<\/td>Funds<\/td>6%<\/td>Cayman Islands<\/td>82.9<\/td><\/tr>
Banco BCT<\/td>Costa Rica<\/td>2019<\/td>Banking<\/td>Loans<\/td>0%<\/td>Costa Rica<\/td>80.8<\/td><\/tr>
Optima Servicios Financieros SA de CV<\/td>El Salvador<\/td>2019<\/td>Microfinance<\/td>Equity<\/td>36%<\/td>El Salvador<\/td>53.7<\/td><\/tr>
Credicomer<\/td>El Salvador<\/td>2019<\/td>Microfinance<\/td>Loans<\/td>0%<\/td>El Salvador<\/td>41.2<\/td><\/tr>
AfricInvest Financial Inclusion Vehicle (FIVE)<\/td>Regional<\/td>2018<\/td>Banking<\/td>Equity<\/td>21%<\/td>Mauritius<\/td>276.7<\/td><\/tr>
Banco Promerica Costa Rica<\/td>Costa Rica<\/td>2018<\/td>Banking<\/td>Loans<\/td>0%<\/td>Costa Rica<\/td>220.5<\/td><\/tr>
NMI Fund IV<\/td>Global<\/td>2018<\/td>Microfinance<\/td>Funds<\/td>25%<\/td><\/td>216.0<\/td><\/tr>
ONE Bank Limited<\/td>Bangladesh<\/td>2018<\/td>Banking<\/td>Loans<\/td>0%<\/td>Bangladesh<\/td>49.6<\/td><\/tr>
NMI GP IV AS<\/td>Global<\/td>2018<\/td>Microfinance<\/td>Equity<\/td>22%<\/td>Norway<\/td>24.0<\/td><\/tr>
Banco BDF<\/td>Nicaragua<\/td>2017<\/td>Banking<\/td>Loans<\/td>0%<\/td>Nicaragua<\/td>143.3<\/td><\/tr>
AB Bank<\/td>Vietnam<\/td>2017<\/td>Banking<\/td>Loans<\/td>0%<\/td>Vietnam<\/td>88.2<\/td><\/tr>
Access Bank Plc.<\/td>Nigeria<\/td>2017<\/td>Banking<\/td>Loans<\/td>0%<\/td>Nigeria<\/td>49.6<\/td><\/tr>
Arise B.V.<\/td>Regional<\/td>2016<\/td>Banking<\/td>Equity<\/td>33%<\/td>Netherlands<\/td>2813.9<\/td><\/tr>
Fedecredito<\/td>El Salvador<\/td>2016<\/td>Microfinance<\/td>Loans<\/td>0%<\/td>El Salvador<\/td>161.7<\/td><\/tr>
Banco Promerica Guatemala<\/td>Guatemala<\/td>2016<\/td>Banking<\/td>Loans<\/td>0%<\/td>Guatemala<\/td>88.2<\/td><\/tr>
Banco Promerica El Salvador<\/td>El Salvador<\/td>2015<\/td>Banking<\/td>Loans<\/td>0%<\/td>El Salvador<\/td>176.4<\/td><\/tr>
ARREND Central America<\/td>Regional<\/td>2015<\/td>Other financial services<\/td>Loans Equity<\/td>22%<\/td>Guatemala<\/td>82.8<\/td><\/tr>
Advans MFI Myanmar Company Limited<\/td>Myanmar<\/td>2015<\/td>Microfinance<\/td>Loans Equity<\/td>40%<\/td>Myanmar<\/td>55.4<\/td><\/tr>
Myanmar Finance International Limited<\/td>Myanmar<\/td>2015<\/td>Microfinance<\/td>Loans Equity<\/td>25%<\/td>Myanmar<\/td>24.7<\/td><\/tr>
LAFISE NICARAGUA<\/td>Nicaragua<\/td>2014<\/td>Banking<\/td>Loans<\/td>0%<\/td>Nicaragua<\/td>176.4<\/td><\/tr>
ACLEDA Bank Lao Ltd.<\/td>Laos<\/td>2014<\/td>Banking<\/td>Loans<\/td>0%<\/td>Laos<\/td>13.6<\/td><\/tr>
NorFinance AS<\/td>Regional<\/td>2013<\/td>Banking<\/td>Equity<\/td>50%<\/td>Norway<\/td>495.1<\/td><\/tr>
NMI Fund III<\/td>Global<\/td>2013<\/td>Microfinance<\/td>Funds<\/td>26%<\/td><\/td>241.1<\/td><\/tr>
Prasac Microfinance Institution Plc.<\/td>Cambodia<\/td>2013<\/td>Microfinance<\/td>Loans<\/td>0%<\/td>Cambodia<\/td>202.8<\/td><\/tr>
FDL<\/td>Nicaragua<\/td>2013<\/td>Microfinance<\/td>Loans Equity<\/td>13%<\/td>Nicaragua<\/td>91.2<\/td><\/tr>
Amret Plc.<\/td>Cambodia<\/td>2013<\/td>Microfinance<\/td>Loans<\/td>0%<\/td>Cambodia<\/td>61.7<\/td><\/tr>
LOCFUND II<\/td>Regional<\/td>2013<\/td>Microfinance<\/td>Funds<\/td>26%<\/td>Canada<\/td>26.6<\/td><\/tr>
First Finance Plc.<\/td>Cambodia<\/td>2013<\/td>Microfinance<\/td>Loans Equity<\/td>15%<\/td>Cambodia<\/td>26.1<\/td><\/tr>
NMBZ Bank<\/td>Zimbabwe<\/td>2013<\/td>Banking<\/td>Loans<\/td>0%<\/td>Zimbabwe<\/td>12.3<\/td><\/tr><\/tbody><\/table><\/div><\/div>\n\n\n
\n

About Norfund’s investments in financial institutions in 2020<\/h3><\/div><\/div><\/div><\/a><\/div>\n\n\n\n

Financial institutions – impact ambitions and results<\/h3><\/div><\/div><\/div><\/a><\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":5,"featured_media":5467,"parent":572,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"norfund_header_layout":"","norfund_header_layout_image_id":0,"norfund_header_layout_image_focal_point_x":0,"norfund_header_layout_image_focal_point_y":0,"norfund_header_layout_suptitle":"","norfund_header_layout_subtitle":"","norfund_header_layout_title":"","teft_cards_image_id":5467,"teft_cards_image_focal_point_x":0.5,"teft_cards_image_focal_point_y":0.5,"teft_cards_title":"Portfolio overview 2021 - Financial institutions (table)","teft_cards_excerpt":""},"acf":[],"yoast_head":"\nFinancial institutions portfolio 2021 | Report on Operations 2021<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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