Financial Inclusion portfolio 2022

InvestmentCountryInvestment yearSectorInstrumentOwnership shareDomicileCommitted (MNOK)
Arise B.V.Regional2016BankingEquity33%Netherlands2835.8
NorFinance ASRegional2013BankingEquity50%Norway502.5
Yoma Bank LimitedMyanmar2019BankingEquity11%Myanmar294.9
AfricInvest Financial Inclusion Vehicle (FIVE)Regional2018BankingEquity21%Mauritius273.6
Mutual Trust Bank LimitedBangladesh2019BankingLoans Equity10%Bangladesh264.2
Banco Promerica Costa RicaCosta Rica2018BankingLoansN/ACosta Rica229.2
Banco Promerica GuatemalaGuatemala2016BankingLoansN/AGuatemala226.7
LAADRegional2004Other financial servicesLoansN/ANetherlands Antilles226.7
NMI Fund IVGlobal2018MicrofinanceFunds25%Norway216
Access Bank (Ghana) PlcGhana2022BankingLoansN/AGhana197.1
Banco Cuscatlan El SalvadorEl Salvador2022BankingLoansN/AEl Salvador197.1
Ficohsa HondurasHonduras2012BankingLoansN/AHonduras197.1
Hattha Bank PlcCambodia2007MicrofinanceLoansN/ACambodia197.1
LAFISE NICARAGUANicaragua2014BankingLoansN/ANicaragua197.1
Banco Promerica El SalvadorEl Salvador2015BankingLoansN/AEl Salvador187.3
BDIDominican Republic2022BankingEquity20%Dominican Republic184.3
NMI Fund IIIGlobal2013MicrofinanceFunds26%Norway165.6
Prasac Microfinance Institution Plc.Cambodia2013MicrofinanceLoansN/ACambodia157.7
The Co-operative Bank of Kenya LimitedKenya2022BankingLoansN/AKenya157.7
FedecreditoEl Salvador2016MicrofinanceLoansN/AEl Salvador149.5
CRDB Tanzania- AFDB CRPTanzania2022BankingLoansN/ATanzania147.9
Ecobank Transnational Incorporated (ETI)Regional2021BankingLoansN/ATogo147.9
Equity BankRegional2019BankingLoansN/AKenya147.9
SathapanaCambodia2008BankingLoansN/ACambodia147.9
Kandeo Fund 3 DebtRegional2021MicrofinanceFunds8%Canada147.1
Banco BDFNicaragua2017BankingLoansN/ANicaragua135.5
Banco Atlantida S.A.Honduras2022BankingLoansN/AHonduras132
Quona Inclusion Fund IIIGlobal2021Investment fundsFunds5%Cayman Islands127.3
Wave Mobile Money S.A./Wave Côte d'Ivoire S.A.Senegal2022Other financial servicesLoansN/ASenegal126.2
National Development BankSri Lanka2021BankingEquity10%Sri Lanka120.6
First National Bank GhanaGhana2020BankingLoansN/AGhana118.3
CIFIRegional2004Other financial servicesEquity34%Panama116.2
Banco Ficohsa Nicaragua S.A.Regional2022BankingLoansN/ANicaragua98.6
FCMBNigeria2019BankingLoansN/ANigeria98.6
MI BANCOEl Salvador2022BankingLoansN/AEl Salvador98.6
FinsocialColombia2022Other financial servicesLoansN/AColombia98.4
Bayport MozambiqueMozambique2022MicrofinanceLoansN/AMozambique96.8
Evolution Credit LimitedSouth Africa2009Other financial servicesLoans Equity12%South Africa95.9
LOCFUND NEXT, L.P.Regional2020MicrofinanceFunds29%Canada93
Accion Quona Inclusion Fund LPGlobal2019Investment fundsFunds5%Cayman Islands84.1
DesyfinCosta Rica2011Other financial servicesLoans Equity23%Costa Rica82.8
ARREND Central AmericaRegional2015Other financial servicesLoans Equity22%Guatemala79.2
Integra Partners Fund II LPRegional2022Fintech fundEquity10%Singapore78.8
Softlogic LifeSri Lanka2020Other financial servicesLoansN/ASri Lanka73.9
Banco BCTCosta Rica2019BankingLoansN/ACosta Rica73.9