Provision of a medium-term senior unsecured loan of up to USD 8.0 million (EUR 7.8 million equivalent) in favour of Cairo Amman Bank Palestine ("CABP") for on-lending to MSMEs in the West Bank.
Contribution to the expansion of private sector MSMEs and support of further development of the Palestinian Banks.
ETI score: 60
The project is expected to support the Competitive and Resilient transition qualities. It seeks to increase the availability of financing to the MSME segment and contribute to the competitiveness of financial institutions through focusing on reaching regional clients and attracting new ones, as well as to ensure prudent underwriting and risks management practices coupled with adequate portfolio quality.
CAIRO AMMAN BANK FPSC
Cairo Amman Bank is a universal bank with Head Office in Amman and operating through a network of 100 branches and offices in Jordan and 22 in West Bank and Gaza.
EBRD Finance Summary
N/A. The funding for the project will come from EBRD West Bank and Gaza Net Income Allocation Trust Fund ("WBGTF").
Total Project Cost
EBRD offers longer term financing targeting MSME sub-borrowers.
Environmental and Social Summary
Categorised FI (ESP 2019). Cairo Amman Bank Palestine will be required to continue to comply with EBRD's PRs 2, 4 and 9, implement the applicable EBRD's E&S Risk Management Procedures for MSME and Corporate loans, and submit AE&S Reports to the Bank. CABP will be required to apply the updated Exclusion List introduced with ESP 2019 as well as the new Referral list.
Technical Cooperation and Grant Financing
Company Contact Information
Firas S. Najjab, Deputy Regional Manager / Business Group
+970 2 297 7230
+970 2 297 9758
P.O. Box 1870, Ramallah, Palestine
PSD last updated
04 Aug 2022
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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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