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    Reference: 20180884
    Release date: 10 April 2019

    Promoter – Financial Intermediary

    NEDBANK LTD

    Location

    Description

    The project is a credit facility to Nedbank for on-lending to private sector limited scale investments in South Africa.

    Objectives

    The facility will focus on financing of SMEs undertaking projects in South Africa.

    Sector(s)

    Under ELM Guarantee

    This operation is covered by the ELM Political Risk Guarantee.

    Proposed EIB finance (Approximate amount)

    EUR 100 million

    Total cost (Approximate amount)

    not applicable

    Environmental aspects

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Procurement

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Status

    Signed - 14/06/2019

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    South Africa Credit lines