PROJECT

Projects

Summary of Investment Information

Project Number

53156

Company Name

FIRSTRAND LTD

Date SPI Disclosed

Jun 23, 2026

Country

South Africa

Region

Africa

Projected Board Date

May 26, 2026

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Jun 23, 2026

Department

Regional Industry - FIG Africa

Industry

Financial Markets

Previous Events

Approved : May 26, 2026
Signed : Jun 5, 2026
Invested : Jun 9, 2026

Sector

Commercial Banking - General

Project Description

  The proposed project is an up to ZAR1.7 billion (approximately US$104 million) IFC anchor investment in Financial Loss Absorbing Capital (Flac) bonds issued by FirstRand Limited (FirstRand or the Group), an existing IFC client. The proceeds of the IFC investment will be used by FirstRand Bank Limited (FRB or the Bank), a wholly owned subsidiary of FirstRand, for on-lending to micro, small and medium enterprises (MSMEs) in the agriculture sector (Agri-MSMEs) in South Africa. (the Project).                                                 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation