Alpen Capital has closed its first transaction in Nigeria for Sterling Bank Plc in raising a USD 25.5 million medium term facility. The funds were provided by BlueOrchard Finance Ltd, a leading global impact investment manager based out of Switzerland.

The funding will be utilized to expand Sterling Bank's HEART strategy i.e. Health, Education, Agriculture, Renewable Energy and Transportation, SME/MSME loan portfolio and address the impact of Covid-19 on operations.

About Sterling Bank: About Sterling Bank: Established in 2004, Sterling is a full service national commercial bank in Nigeria. It has had strong revenue & growth trajectory with gross earnings of USD 260 million as of September 2021. It has also maintained a healthy balance sheet with a total asset base in excess of USD 3.7 billion and an equity base of USD 330 million for the same period.

About Blue Orchard Impact Investment Managers: Founded in 2001, BlueOrchard is a Swiss-based global impact investment manager. It has invested to date over USD 9 billion across more than 90 countries, supporting about 230 million people with low income in emerging and frontier markets.