Bloomberg News

World Bank’s IFC Arranges 50 Million Euros For Mercantile Bank

June 30, 2011

June 30 (Bloomberg) -- The World Bank’s International Finance Corp. said it has arranged 50 million euros of funding for South Africa’s Mercantile Bank Holdings Ltd. to increase lending to small businesses, particularly in the renewable energy industry and in projects aiming to reduce carbon dioxide emissions.

The IFC commented in an e-mailed statement today.

To contact the editor responsible for this story: Alastair Reed at areed12@bloomberg.net


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