The BOI Managing Director, Olasupo Olusi, disclosed this at a media parley to commemorate the 65th anniversary of the bank on Thursday in Lagos.
Mr Olusi explained that this funding is part of the over $5 billion raised from international capital markets since 2017. This milestone, he said, marks the largest fundraising in BOI’s history and the largest syndication in the history of African Development Finance Institutions (DFIs).
“This month, we concluded a global loan syndication that raised nearly €2 billion, which is the largest fundraising in BOI’s history and indeed the largest syndication in the history of African DFIs,” Mr Olusi said.
Highlighting some of the bank’s key achievements over time, he said in 2007, BOI’s authorized share capital was increased to N250 billion to put the bank in a position to address its mandate better; this, he said was subsequently increased to N500 billion in May 2023.