Nedbank | Accountability Console
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Nedbank

Sectors

Community capacity and development

Description:

Projects in this Sector: 78

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Financing

Description:

Projects in this Sector: 15

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Other

Description:

Projects in this Sector: 246

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Issues Raised

Consultation and disclosure

Description:

Projects with this Issue Raised: 495

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Displacement (physical and/or economic)

Description:

Projects with this Issue Raised: 440

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Gender-related

Description:

Projects with this Issue Raised: 17

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Human rights

Description:

Projects with this Issue Raised: 63

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Livelihoods

Description:

Projects with this Issue Raised: 319

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Pollution

Description:

Projects with this Issue Raised: 219

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Retaliation (actual or feared)

Description:

Projects with this Issue Raised: 61

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Violence against the community

Description:

Projects with this Issue Raised: 46

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Project Information

Investment ID: 26014

Bank: IFC/MIGA

Environmental Category: FI

Country: Guinea

Region: Sub-Saharan Africa

Approval Date: None

Investment Types: Financial intermediary, Loans

Total Project Cost: No recorded data on this

Total Complaints: 1

Description

At the time the complaint was filed IFC had an active project with Nedbank, which consists of a subordinated Tier II qualifying loan or instrument. IFC indicates that the project aims to facilitate Nedbank's longer-tenor lending programs for: 1) black Economic Empowerment financing that will result in significant ownership transfer to previously-disadvantaged individuals and communities; 2) development and mortgage financing for the currently under-served affordable housing segment; and, 3) cross-border corporate lending across Africa, including capital intensive projects that support sustainable economic growth.

Investments

Investment Type ID Amount Status Bank Client
Financial intermediary, Loans 26014 USD 139.0 million Planned IFC

Related Complaints

IFC/MIGA CAO Complaints IAM Country Date Filed Status
Nedbank Tier II-01/Kintinian IFC CAO Guinea 27/04/2017 Active

Implementers

Name Complaints Dispute Resolutions DR Successful Compliance Reviews Non-Compliance
Nedbank Group Ltd