Release date: 21 June 2017
Promoter – Financial Intermediary
THE LAND AND AGRICULTURAL DEVELOPMENT BANK OF SOUTH AFRICALocation
Description
EIB facility to Land Bank for on-lending to agriculture projects in South Africa
Objectives
Financing of projects carried out by small and medium-sized enterprises and other final beneficiaries. Some of the projects will contribute to Climate Action objectives.
Sector(s)
- Credit lines - Credit lines
Under ELM Guarantee
This operation is covered by the EU Guarantee for EIB loans outside the EU.
Proposed EIB finance (Approximate amount)
EUR 50 million
Total cost (Approximate amount)
Not applicable.
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 12/12/2017
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).