Providing development loans to commercially viable projects

The Infrastructure Bank (TIB) Plc is an institution fuelled with ambition, stemming from a vision statement “to be the premier focal point for infrastructure development in Nigeria”. The bank is a provider of bespoke financial solutions that are tailor-suited to the needs of the Nigerian infrastructure market and are further adapted to the dynamics of the projects in which the bank is involved.

Working with development partners such as private project sponsors, government ministries, departments and agencies (MDAs), other Development Finance Institutions (DFIs), Deposit Money Banks (DMBs), private equity and pension funds, regulatory agencies and other stakeholders, the bank provides its portfolio of financial solutions ranging from project conceptualization to project development, financial closure, technical closure, and maintenance.

“We have charted the course of a strong and deliberate growth strategy in the recent past. The TIB brand encapsulates how we want to be perceived by our stakeholders, which include the general public,” said Adekunle AbdulRazaq Oyinloye, managing director, TIB.

“The bank’s identity, which was unveiled in 2012, was chosen with the objectives of letting the world be in no doubt about who we are and what we stand for. We are first and foremost a bank. However, we have distinct competences and values that go beyond the provision of finance. Our belief is that the TIB brand identity serves to differentiate and underpin the corporate vision, mission and culture,” Oyinloye said.

He further explained that the bank offers bespoke transaction advisory services to clients to assist them in the preparation of projects, prior to arranging funds required from both local and offshore sources. From project inception through implementation, the bank acts as transaction advisor, project development partner and finance arranger, assisting the client to structure the transaction in a manner that is financially and economically viable towards ensuring that the project attracts the appropriate temperament of funds required to ensure successful implementation, he added, saying the bank also provides price-competitive development loans to commercially viable projects that have significant developmental impact.

These medium- to long-term tenor loans, according to Oyinloye, are provided in accordance with the bank’s mandate to support the infrastructure services delivery in its target sectors. The bank, he further said, offers direct and third-party agency, fund management services to both domestic and external sovereignties and institutions seeking to fund infrastructure development.