Standard Bank MCF

completed

This project is Multi Country Facility (“MCF”) of up to $75 million to foster a multi-country partnership between Standard Bank Group Limited (“SBG” or the “Group”) and IFC. IFC’s facility would consist of subordinated / Tier 2 loans (IFC C loans) and would finance SBG’s majority-owned subsidiaries (“SBG Subsidiaries”) in DRC, Ghana, Kenya, Malawi, Mauritius, Mozambique, Tanzania, Uganda and Zambia. The financing would be subject to requisite regulatory approvals. The project offers a unique opportunity to foster a strong partnership between one of the largest African banking groups and IFC. By providing the proposed loans to the local SBG Subsidiaries, IFC will help expand the Group’s operations in the region, enhancing SBG’s competitive position and bringing best practices and better access to high quality banking services and products to the respective markets.