GCF GEFF Regional National Bank of Egypt Green SME Loan



Project number:


Business sector:

Financial institutions

Notice type:


Approval date:

27 Nov 2019



PSD disclosed:

24 Oct 2019

Translated version of this PSD: Arabic

Project Description

Provision of a senior unsecured loan to National Bank of Egypt ("NBE") of up to USD 100 million, of which up to USD 75 million to be provided by EBRD and up to USD 25 million by the Green Climate Fund ("GCF") under the GCF-Green Economy Financing Facility ("GEFF") Regional Framework.

Project Objectives

The proceeds of the loan will be used for financing investments in climate change mitigation and adaptation technologies across the industrial, commercial, transport and agricultural sectors by local private sector Small and Medium Enterprises ("SMEs"), in line with the standards and reporting requirements for GEFF in Egypt.

Transition Impact

The transition impact of the project will come from the provision of funding and technical assistance to financial intermediaries to finance high-performing climate change mitigation and adaptation technologies and solutions. This will promote the transition to environmentally sustainable, low-carbon and climate-resilient economies.

Client Information


NBE is the largest commercial bank in Egypt wholly owned by the Government of Egypt. With total assets of EUR 78 billion as at December 2018, NBE has a market share of 26-30% by assets, loans and deposits.

EBRD Finance Summary

USD 75,000,000.00

Total Project Cost

USD 100,000,000.00

Environmental and Social Summary

Categorised FI (2014). NBE has been satisfactorily implementing the Bank's E&S requirements under existing exposure and has submitted Annual Environmental Report for 2015. The bank will be required to continue to comply with EBRD's Performance Requirements (PRs) 2, 4 and 9, apply the EBRD's E&S Risk Management Procedures for SME and Micro Loans and report annually to the EBRD on implementation of the Procedures and the PRs.

Technical Cooperation

The project will be supported by a comprehensive technical cooperation programme to provide implementation support to NBE, its customers and verification of the outcome of completed projects. The technical cooperation is expected to be funded by GCF and by the grant resources from the EBRD Shareholder Special Fund ("SSF").

Company Contact Information

Abbas Chams
AbbasChams@nbe.com.eg; inter-loans@nbe.com.eg
+ 20225945312
1187 Corniche El nil, Cairo, Egypt

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

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

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

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 how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.

Share this page: