Treasury

Nedbank Treasury continues to avail of competitively priced US dollar funding from European Investment Bank (EIB) to support qualifying small and medium-sized enterprises or mid-cap clients.

If appropriate and as determined by Nedbank from time to time, this financial advantage is offered to financial beneficiaries who meet the eligible criteria below.

Eligible cost categories

The following cost categories are eligible for EIB financing as part of the subprojects carried out by financial beneficiaries:

1.  Purchasing, renovating or extending tangible assets, including developing and planning during the construction phase – financing costs during the construction phase for up to 10% of the total subproject cost.

2.  Financing of land purchases that are essential for these investments for up to 10% of the total subproject cost.

3.  Purchasing assets other than real estate, for example construction equipment, with the purpose of renting the equipment to third parties.

4.  Investing in intangible assets, including the following:

4.1 Research, development and innovation (RDI) expenses, including gross salaries of employees directly associated with the RDI components of the firm’s activities, as well as development costs of concessions, patents, licences, trademarks and similar rights and assets.

4.2 The purchase of process licences, software and other rights, as well as assets with an inherent productive capacity.

5. Working capital