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%).

Development impact:

  • Local economic growth: 60% of the proceeds will be deployed on SMEs, the rest to corporates. 100% of BIO's funds will be provided to SMEs.
  • Private sector consolidation: expansion of financial services to underserved zones
  • Financial inclusion: focus on individuals related to SMEs (employees, shareholders, clients, suppliers of SMEs) 
  • Food security and rural development: increased focus on providing credit to small agricultural businesses (including smallholders)


  • Investment amount (€):

    € 13,78 K

  • Contract signature :


  • Nature of intervention :


  • Development impacts :

    • 1 — Local economic growth
    • 2 — Private sector consolidation/innovation
    • 3 — Financial inclusion
    • 4 — Food security and rural development