Translated version of this PSD: Arabic
The EBRD is providing a financing package of up to USD 60 million to Bank Audi sae. The facility will comprise (i) a senior loan for on-lending to private small and medium enterprises (‘’SMEs’’) for up to USD 30 million; and (ii) up to USD 30 million trade finance limit for guarantees and cash advances.
The SME loan will increase the availability of finance to private SMEs allowing an increased number of SMEs, a largely underpenetrated segment, to gain access to bank credit.
The trade finance limit with Bank Audi sae will strengthen the development of trade finance in the region promoting trade which contributes to the economic development of Egypt.
Bank Audi sae is the eighth largest commercial bank in Egypt. The bank has a market share of 1.6% – 2% by assets, loans and deposits.
Up to USD 30 million
Up to USD 60 million to be provided in USD
Environmental and social categorisation, impact, and mitigation
Categorised FI (2008). Bank Audi, sae will be required to comply with EBRD’s Performance Requirements 2 and 9, adopt and implement the EBRD’s E&S Procedures for Corporate and Small Loans and submit Annual Environmental and Social Reports to the EBRD. For the TFP transaction the bank will be required to comply with the EBRD’s E&S Procedures for Trade Finance.
Within the TFP framework and in line with technical assistance for all participating banks under the program, the trade finance limit will be supported by technical cooperation package which will enable the adoption of best practices, as well as the transfer of knowledge and skills needed trade finance.
Mr Mohamed Latif – Head of Financial Institutions
Bank Audi sae, Head Office
Cairo-Alex Desert Road, Km22, Giza, Egypt
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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