Fidelity Bank Ghana


FBG is the largest privately held domestic bank in Ghana. It was granted a universal banking license in 2006. The bank has since reported impressive performance, becoming the 6th largest bank in total assets with 80 branches in 9 out of the 10 regions in Ghana, a network of 702 agents and 1,304 employees.

The whole of FBG’s loan book is invested in the Ghanaian economy. The portfolio distribution in terms of segments is as follows: corporate 53%, public sector 19%, SME 18%, retail 9% and micro 1%. The bank’s strategy is to drive the most growth out of the SME portfolio while keeping a strong position in the corporate and public sector.

In terms of number of companies financed (both SME and corporates), 40% of them are active in commerce and finance, 28% in services, 23% in manufacturing. The largest sector exposures are to energy and oil & gas (24% - only downstream operations such as storage and transportation, no exploration), followed by services (23%), commerce & finance (18%), mining (12%) and manufacturing (10%).

  • Investment amount (€):


  • Contract signature :


  • Nature of intervention :

    Senior Loan

  • Development impacts :

    • 1 — Local economic growth: 60% of proceeds will be deployed on SME's, the rest to corporates. 100% of BIO's funds will be provided to SME's.
    • 2 — Financial inclusion: part of their segment is micro enterprises, although they want to focus on SMEs. They want to focus on individuals that are related on SMEs (employees, shareholders, clients, suppliers of SMEs)
    • 3 — Food security and rural development: Increased focus on providing credit to small agricultural business (including small holders. Different loan products for agribusiness, coops, inividual farmers, greenhouses, dairy etc.