FIF – NBK-Egypt SME Loan



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

02 Sep 2015



PSD disclosed:

28 Jul 2015

Translated version of this PSD: Arabic

Project Description

The EBRD is providing a financing package of up to USD 70 million to National Bank of Kuwait- Egypt. The facility will comprise (i) a senior loan for on-lending to private small and medium enterprises (‘’SMEs’’) for up to USD 50 million to be disbursed in two tranches; and (ii) up to USD 20 million trade finance limit for guarantees and cash advances.

Transition Impact

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 loan will also be supported by technical cooperation targeted at enhancing SME lending know-how at NBK-Egypt, as well as improving financial skills and general business know-how of NBK-Egypt’s existing and potential SME clients.

The trade finance limit with NBK-Egypt will strengthen the development of trade finance in the region promoting trade which contributes to the economic development of Egypt.

The Client

Re-branded as NBK-Egypt in 2014, Al Watany Bank of Egypt was founded in 1980 by several Egyptian businessmen. The bank was acquired in 2007 by National Bank of Kuwait, who currently owns directly 95% of the NBK-Egypt. NBK-Egypt is the 13th largest Egyptian bank based on total assets with a market share of c. 1.3%. It provides a wide range of corporate, retail and investment banking services in Egypt through its 40 branches.

EBRD Finance

Up to USD 70 million.

Project Cost

Up to USD 70 million to be provided in USD

Environmental and social categorisation, impact, and mitigation

Categorised FI (2014 ESP). NBKE will be required to comply with EBRD’s Performance Requirements, 2, 4 & 9.  Under the SME Loan the client will be required to implement the EBRD’s E&S Procedures for Corporate and Small Loans and submit Annual Environmental and Social Reports to the Bank. For the TFP loan the client will be required to apply the EBRD’s E&S Procedures for Trade Finance.

Technical Cooperation

The SME loan will be accompanied by (i) capacity building technical cooperation to assist NBK-Egypt in training its employees on SME banking, as well as (ii) TC to provide training to SMEs on financial skills and general business topics. The expected donor funding source for the internal capacity building is SEMED Multi-Donor Account and the EBRD Shareholder Special Fund.  Donor funding for the SMEs Training TC is still to be identified.  

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.  Donor funds will be sought in line with individual TC project needs as they are developed.

Company Contact

Karim Kamal - General Manager, Head of Global Relationship

Direct: + (202)2614 9374

NBK-Egypt, Head Office
Plot No. 155 City Center, First Sector
5th Settlement, New Cairo, Egypt

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168

Public Information Policy (PIP)

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Text of the PIP

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