PROJECT

Projects

Summary of Investment Information

Project Number

40330

Company Name

CAPITEC BANK LIMITED

Date SPI Disclosed

Nov 10, 2017

Country

South Africa

Region

Africa

Projected Board Date

Dec 11, 2017

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Regional Industry - FIG Africa

Industry

Financial Markets

Previous Events

Approved : Dec 18, 2017
Signed : Dec 30, 2017
Invested : Mar 26, 2018

Sector

Commercial Banking - General

Project Description

The proposed project involves IFC financing of up to US$ 60 million Rand equivalent to Mercantile Bank Limited (“MBL” or the “Bank”), an SME-focused commercial bank in South Africa. The funding will primarily be used for expanding the Bank’s lending operations to small and medium enterprises (“SMEs”), including women owned SMEs (“WOEs”) and Black Economic Empowerment owned SMEs (“BEEOEs”). 

                                                  

Associated Advisory Engagement

                                                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation