Provision of a senior unsecured loan of up to USD 5 million to Export Development Bank of Egypt (EBE) for on-lending to women-led small and medium-sized enterprises (SMEs) in Egypt
The EBRD loan will support EBE's lending activities and expand access to finance for underserved women-led SMEs.
ETI score: 80
- Inclusive: The project aims to expand the access to finance opportunities for women-led SMEs by expanding the offering of the client and building the capacity to better cater to the needs of women businesses.
- Competitive: The project aims to reinforce the client's SME lending practices, with a specific focus on women-led SMEs.
EXPORT DEVELOPMENT BANK OF EGYPT
Export Development Bank of Egypt is the 14th largest bank in Egypt by assets (USD 4.5bn as of June 2021). The bank has market shares of approximately 0.9%, 1.3%, and 1% by assets, loans, and deposits respectively as of June 2021. EBE is listed on the Egyptian Stock Exchange, with majority state-ownership and ca. 25% free float.
EBRD Finance Summary
Total Project Cost
The WiB loan offers a combination of longer-term financing than what is available in the market and technical expertise into a package that promotes financing for women-led SMEs in Egypt.
Environmental and Social Summary
- Categorised FI (ESP 2019). EBE is a new Client to the Bank and an Environmental and Social Due Diligence (ESDD) was undertaken via the review of a completed targeted questionnaire.
- ESDD has shown that the Client is compliant with PRs 2 and 4 related to labour management and Health and Safety, and has some elements pertaining to environmental risk management of its portfolio; such as confirming national E&S requirements are met.
- The Client will be required to implement EBRD's E&S Risk Management Procedures for Micro, SME and Corporate Lending, and conducts its business in line with PRs 2, 4, and 9.
- EBE's E&S performance will be monitored through the review of annual reports.
Technical Cooperation and Grant Financing
The WiB loan will be accompanied by a technical cooperation programme and a first-loss risk cover component, covering EBE's losses at up to 10% of the EBRD loan amount.
Company Contact Information
Yasmin Medhat Sabri
(+202) 28101512| Ext.: 51623
78, South Teseen Road 5th District, New Cairo Egypt P.O Box : 22 Post Code : 11835
PSD last updated
18 Nov 2021
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Environmental and Social Policy (ESP)
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More information on the EBRD’s practices in this regard is set out in the ESP.
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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).
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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 email@example.com to get guidance and more information on IPAM and how to submit a request.