PROJECT

Projects

Summary of Investment Information

Project Number

48139

Company Name

THE STANDARD BANK OF SOUTH AFRICA LTD

Date SPI Disclosed

Jul 3, 2023

Country

South Africa

Region

Africa

Projected Board Date

Jun 5, 2023

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Jul 16, 2023

Department

Regional Industry - FIG Africa

Industry

Financial Markets

Previous Events

Approved : Jun 5, 2023
Signed : Jun 30, 2023
Invested : Jul 14, 2023

Sector

Commercial Banking - General

Project Description

The proposed project consists of a senior unsecured loan to The Standard Bank of South Africa Limited (“SBSA” or the “Bank”) to support the Bank’s renewable energy and affordable housing finance program in South Africa.

                                                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation