MICROCAPITAL BRIEF: Switzerland-based responsAbility Participations Completes Capital Increase of $26m to Increase Investments in Developing-Country Banks

ResponsAbility Participations AG, a Swiss investment company, reportedly has completed a capital increase of CHF 23.5 million (USD 26.4 million), bringing the company’s total equity capital to CHF 42.4 million (USD 47.6 million). The funds will be used to expand investments in banks and institutions working in developing countries that provide financial services to “low-income households as well as micro, small and medium-sized enterprises (MSMEs)” [1]. The source or sources of the capital increase have not been indicated.

ResponsAbility Participations AG is a public limited company that was founded in 2012 and is managed by Swiss investment company responsAbility Investments AG. Its shareholders include German development bank Kreditanstalt für Wiederaufbau (KfW) and unspecified pension funds and Swiss banks. As of 2013, responsAbility Investments AG reported total assets under management of approximately USD 1.4 billion.

By Meraj Husain, Research Associate

About responsAbility Investments AG

Founded in 2003, responsAbility Investments AG is a Swiss investment company whose products aim to enable investors to earn a financial return while assisting people in emerging markets to access information and services in sectors such as microfinance, small and medium-sized enterprise (SME) financing, fair trade and independent media. As of June 2013, responsAbility reported total assets under management of approximately USD 1.4 billion. responsAbility is backed by Swiss financial institutions and a social venture capital company as founders and shareholders including Baumann & Cie, Banquiers, Credit Suisse, Raiffeisen Schweiz, Swiss Re, Bank Vontobel AG as well as George Avenue. Among other entities, responsAbility Investments manages responsAbility Participations AG, a public limited investment company that was founded in 2012. ResponsAbility Participations’ shareholders include German development bank Kreditanstalt für Wiederaufbau (KfW) and unspecified pension funds and Swiss banks.

Sources and Additional Resources

[1] responsAbility Participations AG: “Capital increase successfully completed,” http://responsability.inxshare.com/Media%20Release/rAP_Kapitalerhoehung_en.pdf

MicroCapital, January 7, 2014, “responsAbility of Switzerland Loans $20m to Microfinance Institution Financiera Confianza of Peru,” https://www.microcapital.org/microcapital-brief-responsability-of-switzerland-loans-20m-to-microfinance-institution-financiera-confianza-of-peru/

MicroCapital, November 12, 2013, “responsAbility Investments Loans $20m to Improsa Bank of Costa Rica, Supports Small and Medium-sized Enterprises (SMEs),” https://www.microcapital.org/microcapital-brief-responsability-investments-loans-20m-to-improsa-bank-of-costa-rica-supports-small-and-medium-sized-enterprises-smes/

MicroCapital Universe Profile: responsAbility Investments AG https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=responsAbility

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