Alpen Capital has advised Bank al Etihad on raising USD 20 million, 7-year subordinated debt from Finance in Motion (FiM) to strengthen their lending capacity to the SME sector, especially women-led MSMEs in Jordan.
About Bank al Etihad:
Bank al Etihad, previously known as Union Bank, is a Jordan-based financial and banking services institution, established in 1978 as a public shareholding company, and is today, one of the fastest growing banks in Jordan. Bank al Etihad operates a growing network of 39 branches, in addition to 58 ATMs and a central exchange unit.
About Finance in Motion:
FiM is a leading impact asset manager with many years of specialist experience in impact investing. FiM structures, advises, and manages private debt and private equity funds investing in emerging markets, facilitating financing in areas such as climate action, sustainable agriculture, renewable energy, natural capital, biodiversity conservation, microfinance, and affordable housing.