Standard Bank provided balance sheet support which diversified Bayport Management Limited’s (BML) funding sources. The funding was provided in local currency and used by the BML operation to grow its loan book.
Standard Bank’s joint efforts across their investment banking networks as well as its sector expertise based in South Africa and the African region ensured successful execution of the facility. Standard Bank acted as sole arranger to Bayport Management Limited’s operations in Tanzania, Zambia, Mozambique and Ghana.
Bayport Management Limited provides financial solutions suited to the needs of a broad customer base through embracing technology. The company is listed on the Mauritius Stock Exchange.
The Bayport Financial Services Brand serves more than 600 000 customers globally through 500 branches and over 7 500 employees. They operate in Botswana, Columbia, Ghana, Mexico, Mozambique, South Africa, Tanzania, Uganda and Zambia.
This deal established Standard Bank as the main banking partner to BML on the African continent. The facilities provided were flexible enough for BML to deploy liquidity in line with customer demand.
Standard Bank’s sector knowledge and on the ground presence in Africa allowed for the financing facilities to meet the funding requirements of the company.
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