Kinshasa, July 14, 2020

Rawbank, a commercial bank in the Democratic Republic of Congo enters into a $20 million partnership with TDB, a leading African financial institution. After a first partnership for $10 million in 2018, TDB, one of the continent's largest multilateral development financial institutions with assets of more than $6 billion, renews its trust in Rawbank through a new $20 million agreement. 

The entire new line of financing will be dedicated to supporting large companies and Congolese SMEs affected by the consequences of the Covid-19 pandemic. The inauguration of this partnership reflects the bank's commitment to its clients in these difficult times. 

"We are delighted with the conclusion of this partnership, which reflects the trust placed in Rawbank by its international partners. TDB has doubled the agreement we had concluded in 2018. This new line of financing will allow us to assist Congolese companies that could find themselves in difficulty as a result of Covid-19.

"We are pleased to solidify our partnership with TDB, it will allow us to strongly intensify our relationships with customers," said Mustafa Rawji, Rawbank's Managing Director. 

Thanks to the trust placed in it by international partners such as the International Finance Corporation (IFC), a subsidiary of the World Bank, the ADB, BADEA, and Shelter Afrique, Rawbank has become the leading partner for SMEs in the DRC. The bank has developed the Business Edge and Lady's First training programs in order to strengthen the capacities of entrepreneurs, facilitate their access to financing, and thus develop the local economic fabric. 

"Rawbank is a strategic partner for us. Its positioning as the first bank in the DRC and its vast network will allow us to consolidate our position in the DRC and increase our support for the country's socio-economic development," concluded Daniel Lam Chun, Head of TDB's Franco-Lusophone Africa region.