Delphos International Arranges OFID Loan for CAL Bank
Delphos International and Avinture Group, acting as co-financial advisors to CAL Bank, raised $20 million in unsecured, long-term debt financing from the OPEC Fund for International Development (“OFID”) in support of CAL Bank’s growing lending activity. The facility will help CAL Bank, a leading independent bank in Ghana, meet the burgeoning capital needs of its corporate and SME clients. Founded in July 1990, CAL Bank is one of the fastest growing indigenous banks in Ghana operating through a network of 19 branches and 80 ATMs across the major cities and business districts of the country.
