GEFF Lebanon - SGBL

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 51383

Status Cancelled

Location

Lebanon

Business Sector

Financial Institutions

Notice Type

Private

Project ID 51383

Status Cancelled

Location

Lebanon

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Disclosure date

09 Oct 2019

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

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

Transition impact

ETI Score:60

PSD last updated

02 Dec 2019

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

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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