Badea Archives - Gambeta News

STERLING BANK SIGNS US$65 billion LOAN DEAL WITH BADEA

Posted on February 21, 2019 by Gambeta News

Sterling Bank and The Arab Bank for Economic Development in Africa (BADEA) signs US$65 billion deal Nigerian Bank, Sterling Bank have signed a deal to receive a US$65 billion loan facility from The Arab Bank for Economic Development in Africa (BADEA). According to Sterling Bank’s Executive Director, Corporate & Investment Banking Mr. Yemi Odubiyi, the US$65 billion loan will come in two batches, US$15bn and US$50bn. Firstly, the US$15bn will be for financing private sector projects through on-lending to customers; while…

HFC KENYA GETS Sh1.5bn FROM ARAB BANK

Posted on March 8, 2018March 8, 2018 by Gambeta News

Leading housing financing company in Kenya, HFC gets Sh1.5billion credit from Arab Bank. Housing Finance Group of Kenya (HFC) have received a line of credit from The Arab Bank for Economic Development in Africa (Badea). The credit line which amounts to Sh1.5billion (US$15 million) is for lending to the SME sector. The new line of credit was signed on Tuesday in Nairobi, as part of Badea’s programme for financing private sector operations. HFC said, it was a honour to…