Translated version of this PSD: Arabic
Project Description
Green Economy Financing Facility (GEFF) loan.
Project Objectives
Increase financing by Bank Audi of projects for energy efficiency, renewable energy, and resource efficiency in Lebanon to contribute to the creation of a demand-driven, self-sustaining market for
investments in high-performance technologies and services supporting a green economy.
Transition Impact
Supporting Bank Audi in sustainable lending for green projects in Lebanon and associated capacitybuilding.
Client Information
BANK AUDI SAL
Bank Audi SAL is the largest bank in Lebanon with assets of USD 43.3 billion at March 2018.
EBRD Finance Summary
USD 90,000,000.00
Total Project Cost
USD 100,000,000.00
Environmental and Social Summary
Categorised FI (ESP 2014). Through the existing equity investment, Bank Audi is committed to comply with the EBRD's Performance Requirements (PRs) 2, 4 and 9. Monitoring to date has confirmed such compliance. As part of the proposed Project, for the GEFF pilot, eligible sub-projects will be required to be in compliance with the national environmental, social, labour, health and safety legislation. This will be confirmed to the bank by a Project Consultant who will be hired by the EBRD to cover this issue. Bank Audi will be required to submit Annual Environmental and Social Reports to
the EBRD on the implementation of the PRs and its ESMS.
Technical Cooperation
Assignment to support the origination, assessment, and implementation of eligible investments in the agricultural, industrial, commercial, and residential sectors.
Company Contact Information
Sana Sabra
sana.sabra@bankaudi.com.lb
+961 1 977 496
www.bankaudi.com.lb
Bank Audi Plaza - Bab Idriss, Omar Daouk Street, Beirut, Lebanon
Business opportunities
For business opportunities or procurement, contact the client company.
For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com
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Public Information Policy (PIP)
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Text of the PIP
