PROJECT

Projects

Summary of Investment Information

Project Number

50224

Company Name

NEDBANK LTD

Date SPI Disclosed

Apr 2, 2025

Country

South Africa

Region

Africa

Projected Board Date

Dec 19, 2024

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Apr 27, 2025

Department

Regional Industry - FIG Africa

Industry

Financial Markets

Previous Events

Approved : Dec 19, 2024
Signed : Mar 31, 2025
Invested : Apr 24, 2025

Sector

Commercial Banking - Housing Finance

Additional Project Attributes

Blended Finance

Project Description

The proposed project is an up to US$200 million senior unsecured loan with an up to 7-year tenor to Nedbank Limited (Nedbank or the Bank) to support the expansion of the Bank’s EDGE-certified (or equivalent green certification acceptable to the International Finance Corporation (IFC)) green building finance portfolio in South Africa (the Project). The Project is expected to be supported by the Market Accelerator for Green Construction (MAGC) Program as described in the Blended Finance section. 

Associated Advisory Engagement

 IFC may also provide advisory services to the Bank to strengthen its green building capacity through specialized EDGE training, enabling the design of resource-efficient buildings essential for supporting the transition of South Africa’s property sector towards a low-carbon future.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation