DTB eyes Sh12.2bn IFC loan to fund small firms

dtb-nakuru

A DTB branch in Nakuru. FILE PHOTO | NMG

Diamond Trust Bank Kenya Limited (DTB) is set to take a $100 million (Sh12.2 billion) short-term loan from the International Finance Corporation (IFC) for onward lending to small and medium-sized enterprises.

The IFC said the loan is part of its financing of banks to support their customers’ working capital and trade-related needs as the global economy recovers from the impact of the Covid-19 pandemic.

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