Bank Audi - GEFF pilot



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

05 Sep 2018



PSD disclosed:

27 Jul 2018

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 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
+961 1 977 496
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

General enquiries

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

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Share this page: