The proposed investment consists of a one-year senior loan, renewable once for a year, of up to US$20 million to Sasfin Bank Limited (Sasfin) under the COVID-19 Emergency Response WCS Envelope (WCS Envelope). The WCS Envelope is designed to provide funding to existing IFC client banks in emerging markets that will then extend new trade-related or working capital loans to companies whose cash flows have been disrupted by the global outbreak of the coronavirus pandemic.
Sasfin Bank Limited is a wholly-owned subsidiary of Sasfin Holdings Limited, a JSE listed company. Sasfin Bank is a pre-eminent financial institution providing a comprehensive range of products and services to businesses in South Africa.The IFC partnership with Sasfin dates back to 2009.
Sasfin Bank Limited
Head: Group Treasury and DCM
+27 11 809 7892
29 Scott Street, Waverley, Johannesburg, 2090
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