News
29 January 2018

IFC extends $62m loan to South Africa's Mercantile Bank

Region:
Middle East & Africa

The International Finance Corporation (IFC) is to extend a seven-year loan of 740 million rand ($62 million) to South Africa's Mercantile Bank to boost lending to small and medium-sized enterprises (SMEs). The financing was part of an initiative to invest up to 40 billion rand into South African SMEs over the next five to seven years.

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