Mercantile Bank Holdings Limited

completed

The project consists of a senior loan to Mercantile Bank Limited (“Mercantile” or the “Bank”), a midsized bank in South Africa which is mainly dedicated to SMEs / Mid Market clients. The Bank provides a full range of banking services to SMES, retail, selected corporate clients, and alliance banking clients. Mercantile also aims at building a portfolio of SMEs / Mid Market clients which are energy efficient/cleaner production/ and renewable energy related subprojects in South Africa. IFC senior loan will assist the Bank to grow its SME / Mid Market clients lending and develop a portfolio of energy efficient related businesses. The project is expected to be the basis for a longer-term partnership between IFC and Mercantile, an institution that has the capacity and motivation to help achieve important development impact in South Africa, through providing access to finance to the SMEs / Mid Market clients and the previously disadvantaged people.