Standard Bank Group (SBG), Africa’s largest bank, completed real estate transactions in many countries during the review period. It extended 20 new facilities totalling $249.05 million to both existing and new clients, and 13 refinancings totalling $408.8 million to existing clients.
Funding was provided across different real-estate sectors, including retail, industrial, residential, mixed-use and commercial offices.
The bank has continued to build its portfolio of environmental, social and governance-qualified loans with 12 additional facilities valued at $570 million, taking its total ESG portfolio to nearly $1 billion from inception in 2021.
ESG activities include green loans, sustainability and social-linked facilities.
On the social-impact front, the bank deployed the first social loan in the real-estate space in South Africa with a $35 million loan structure for Growthpoint’s purpose-built student accommodation.
SBG has also initiated real estate investment trust frameworks in markets such as...
Access this research
Enter your work email address to sign in or check whether your organisation already has access to Euromoney.
