Kinshasa, July 14, 2020

Rawbank, the commercial bank of the Democratic Republic of Congo, has entered into a partnership with TDB, a financial institution leading African company, for an amount of 20 million dollars. Following an initial partnership worth $10 million in 2018, TDB, one of the continent’s largest multilateral development financial institutions with assets of over $6 billion, is renewing its confidence in Rawbank with a new $20 million agreement.

This entire new line of financing will be dedicated to supporting large Congolese companies and SMEs. style=”letter-spacing: -.25pt;”>affected by the consequences of the Covid-19 pandemic. The launch of this partnership reflects the Bank’s commitment to supporting its customers during this difficult time.

“We are delighted with the conclusion of this partnership, which reflects the trust placed in Rawbank by its international partners. The TDB has doubled the agreement we signed in 2018. This new line of financing will help Congolese businesses that may be experiencing difficulties due to Covid-19.

“We are pleased to strengthen our partnership class=”gmail-s1″>with TDB, it will allow us to significantly strengthen our relationships with clients,” said Mustafa Rawji, Managing Director of Rawbank.

Thanks to the trust placed in us by international partners including the International Finance Corporation (IFC), a subsidiary of the World Bank, the AfDB, the BADEA, also known as Shelter Afrique, has become the leading partner of small and medium-sized businesses in the DRC. The Bank has developed the Business Edge and Lady’s First training programs to build entrepreneurs’ capacities, facilitate their access to financing, and thus develop the local economic fabric.

font-family: ‘Arial’,sans-serif;”>”Rawbank is a strategic partner for us. Its positioning as the leading bank in the DRC and its extensive network will allow us to strengthen our presence in the DRC and increase our support for the country’s socio-economic development,” concluded Daniel Lam Chun, Head of TDB’s Francophone-Portuguese Africa Region.