Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

15 Sep 2021


Pending Approval

PSD disclosed:

13 Aug 2021

Project Description

Provision of a senior unsecured loan to Ahli United Bank Egypt ("AUBE") of up to USD 30 million for on-lending to private small and medium-sized enterprises ("SMEs") in Egypt.

Project Objectives

The EBRD loan will support AUBE's SME lending activities and expand access to finance for underserved SMEs, especially in the remote regions through attracting new clients. 

Transition Impact

ETI score: 60

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.

Client Information


AUBE is the 18th largest bank in Egypt (out of 38 currently operating) with total assets of USD 3.7bn as of 1Q2021 and market shares of ca. 0.8%, 1.2% and 0.9% in terms of assets, loans and deposits, respectively. AUBE is 95.7% owned by Ahli United Bank ("AUB"), the largest bank in Bahrain.

EBRD Finance Summary

USD 30,000,000.00

Total Project Cost

USD 30,000,000.00


The project will enable AUBE to increase availability of medium-term funding for SMEs in Egypt, which remain underserved and support the bank's competitiveness through reaching new clients and regions outside of Greater Cairo and Alexandria.

Environmental and Social Summary

Categorised FI (ESP 2019): AUBE will be required to comply with PRs 2, 4 & 9, and further, implement and comply with EBRD's Environmental & Social (E&S) Procedures and the applicable Risk Management Procedures for SME and Corporate Lending. AUBE will also be required to submit annual environmental and social reports to the Bank. The client will receive guidance from the EBRD on the implementation of the applicable Risk Management Procedure. 

Technical Cooperation and Grant Financing


Company Contact Information

Omnia Kamal, FI Manager
+20 100 521 6640
81 El-Tesseen Street, Sector A, Fifth Settlement, Cairo, Al Qahirah 11835, Egypt

PSD last updated

13 Aug 2021

Understanding Transition

Further information regarding the EBRD’s approach to measuring transition impact is available here.

Business opportunities

For business opportunities or procurement, contact the client company.

For business opportunities with EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168

For state-sector projects, visit EBRD Procurement:

Tel: +44 20 7338 6794

General enquiries

Specific enquiries can be made using the EBRD Enquiries form.

Environmental and Social Policy (ESP)

The ESP and the associated Performance Requirements (PRs) set out the ways in which the EBRD implements its commitment to promoting “environmentally sound and sustainable development”.  The ESP and the PRs include specific provisions for clients to comply with the applicable requirements of national laws on public information and consultation as well as to establish a grievance mechanism to receive and facilitate resolution of stakeholders’ concerns and grievances, in particular, about environmental and social performance of the client and the project. Proportionate to the nature and scale of a project’s environmental and social risks and impacts, the EBRD additionally requires its clients to disclose information, as appropriate, about the risks and impacts arising from projects or to undertake meaningful consultation with stakeholders and consider and respond to their feedback.

More information on the EBRD’s practices in this regard is set out in the ESP.

Integrity and Compliance

The EBRD's Office of the Chief Compliance Officer (OCCO) promotes good governance and ensures that the highest standards of integrity are applied to all activities of the Bank in accordance with international best practice. Integrity due diligence is conducted on all Bank clients to ensure that projects do not present unacceptable integrity or reputational risks to the Bank. The Bank believes that identifying and resolving issues at the project assessment approval stages is the most effective means of ensuring the integrity of Bank transactions. OCCO plays a key role in these protective efforts, and also helps to monitor integrity risks in projects post-investment.

OCCO is also responsible for investigating allegations of fraud, corruption and misconduct in EBRD-financed projects. Anyone, both within or outside the Bank, who suspects fraud or corruption should submit a written report to the Chief Compliance Officer by email to All matters reported will be handled by OCCO for follow-up. All reports, including anonymous ones, will be reviewed. Reports can be made in any language of the Bank or of the Bank's countries of operation. The information provided must be made in good faith.

Access to Information Policy (AIP)

The AIP 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 following its entry into force on 1 January 2020. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.

Specific requests for information can be made using the EBRD Enquiries form.

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate; how to submit a Request for review; or contact IPAM  via email to get guidance and more information on IPAM and how to submit a request.


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