Signature(s)
Amount
€ 92,000,000
Countries
Sector(s)
South Africa
: € 92,000,000
Credit lines
: € 92,000,000
Signature date(s)
25/10/2021 : € 22,000,000
6/05/2020 : € 70,000,000
Link to source
Data sheet
Other links
Summary sheet
Release date
11 February 2020
Status
Reference
Signed | 06/05/2020
20190746
Project name
Promoter - financial intermediary
NEDBANK PRIVATE SECTOR FACILITY 3
NEDBANK LTD
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 92 million
not applicable
Location
Sector(s)
- Credit lines - Credit lines
Description
Objectives
The project consists of a credit facility to Nedbank for on-lending to private sector limited scale investments in South Africa.
The facility will focus on financing private entities, including small businesses, undertaking projects in South Africa.
Environmental aspects
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Under ELM Guarantee
This operation is covered by the ELM Political Risk Guarantee.
Link to source
Summary sheet
Other links
Data sheet