EBRD provides first risk-sharing facility to Emirates NBD Egypt

• EBRD provides US$ 25 million unfunded and funded risk-sharing facility to Emirates NBD Egypt
• Emirates NBD Egypt is first Egyptian bank to join EBRD’s risk-sharing framework
• New financing will support Emirates NBD Egypt’s corporate growth strategy and facilitate innovative loans to small businesses
  

The European Bank for Reconstruction and Development (EBRD) signed a US$ 25 million (€21.7 million) risk-sharing facility with Emirates NBD Egypt to facilitate Egyptian firms’ access to finance.

Emirates NBD Egypt is the first bank in Egypt to join the facility with the EBRD, with that instrument consisting of a US$ 15 million (€13.0 million) unfunded risk-sharing facility and an additional US$ 10 million (€8.7 million) funded risk-sharing facility.

The facility will support Emirates NBD Egypt’s growth strategy and improve access to blended finance for local private companies. This structure will support the bank’s capacity to extend long-term financing to corporate clients in both foreign and local currencies, while also allowing eligible clients to access bespoke EBRD advisory services.

The new sub-loans will target Egyptian clients with high export potential, with a particular focus on young entrepreneurs. The EBRD will also guarantee up to 65 per cent of each sub-loan that Emirates NBD Egypt provides to an eligible client.

The new facility supports the EBRD’s country strategy for Egypt, which seeks to accelerate the country’s transition to a green economy and boost its competitiveness by supporting private-sector growth and strengthening governance through direct and indirect financing for small and medium-sized enterprises (SMEs) and larger companies.

Emirates NBD Egypt is one of the leading banks in Egypt, with total assets of €3.0 billion as at December 2024. It is a fully owned subsidiary of the Emirates NBD Group. The bank operates a universal banking model, with a network of more than 60 geographically dispersed branches and units (spanning all 27 of Egypt’s governorates) and around 2,300 staff.

Emirates NBD Egypt is aiming to become one of the country’s leading private-sector banks, underpinned by continued advances in the areas of banking innovation, digitalisation and service quality.

Egypt is a founding member of the EBRD and has been a recipient of funding since 2012. To date, the Bank has invested more than €13.3 billion in the country across 202 projects. The EBRD has invested in areas such as the financial sector, agribusiness, manufacturing and services, as well as supporting infrastructure projects (including power and municipal water and wastewater services) and transport services. The Bank has also provided technical assistance to more than 500 local SMEs.