Translated version of this PSD: Arabic
Project Description
Provision of a senior loan to SGBL under the Green Economy Financing Facility (GEFF) Lebanon.
Project Objectives
Increase the capacity of SGBL Bank to finance energy efficiency, renewable energy, and resource efficiency projects in Lebanon to help create a demand-driven, self-sustaining market for investments in high-performance technologies and services supporting a green economy.
Transition Impact
Supporting SGBL Bank in sustainable lending for green projects in Lebanon and associated capacity building.
Client Information
SOCIETE GENERALE DE BANQUE AU LIBAN SAL
SGBL is the 3rd largest bank in Lebanon with total consolidated assets of USD 26 billion as of December 2018.
EBRD Finance Summary
USD 45,000,000.00
Total Project Cost
USD 50,000,000.00
Environmental and Social Summary
Categorised FI (ESP 2014). SGBL is an existing Client of the EBRD. Through the existing SME loan facility, SGBL is committed to comply with EBRD's Performance Requirements (PR) 2, 4 and 9. Monitoring to date has confirmed such compliance. As part of the proposed Project, 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. SGBL 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
Mrs Mona Mroue
http://www.sgbl.com.lb
Saloumeh Roundabout, Dekwaneh, SGBL building Beirut; Lebanon
Business opportunities
For business opportunities or procurement, contact the client company.
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Text of the PIP
