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Nedbank Tier II

Sector: Commercial • Location: South Africa

Source: International Finance Corporation (IFC)

Project
Completed

_x000C_The project consists of a subordinated Tier II qualifying loan or instrument to Nedbank Limited (Nedbank or the Bank), one of the leading South African banking groups. The project aims to facilitate Nedbank''s longer-tenor lending programs for: - Black Economic Empowerment (BEE) financing that will result in significant ownership transfer to previously-disadvantaged individuals and communit

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Project Information

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The project “Nedbank Tier II” is an infrastructure initiative in the Commercial sector, located in South Africa. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Status

Original status

completed

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Description

Description

_x000C_The project consists of a subordinated Tier II qualifying loan or instrument to Nedbank Limited (Nedbank or the Bank), one of the leading South African banking groups. The project aims to facilitate Nedbank''s longer-tenor lending programs for: - Black Economic Empowerment (BEE) financing that will result in significant ownership transfer to previously-disadvantaged individuals and communities; - development and mortgage financing for the currently under-served affordable housing segment, and; - cross-border corporate lending across Africa, including capital intensive projects that support sustainable economic growth.The project is expected to be the basis for a longer-term partnership between IFC and Nedbank, an institution that has the capacity and motivation to help achieve important development impact in South Africa and across Africa.

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Original Currency

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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