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    Reference: 20190746
    Release date: 11 February 2020

    Promoter – Financial Intermediary

    NEDBANK LTD

    Location

    Description

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

    Objectives

    The facility will focus on financing private entities, including small businesses, 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 92 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 - 6/05/2020

    Disclaimer

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

    Related tags

    South Africa Credit lines