GCF GEFF Egypt Commercial - KFH Bank Egypt GVC

Overview

Provision of a senior unsecured loan to Ahli United Bank Egypt ("AUBE") of up to USD 12 million (EBRD financing of USD 9 million and GCF co-financing of up to USD 3 million) for on-lending to private small and medium-sized enterprises ("SMEs") within certain value chains for capex investments in climate change mitigation and adaptation technologies and services.

Project ID 52376

Status Repaying

Location

Egypt

Business Sector

Financial Institutions

Notice Type

Private

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Company Contact Information

Omnia Kamal, FI Manager
Omnia.Kamal@AhliUnited.com
+20 100 521 6640
www.ahliunited.com/eg
81 El-Tesseen Street, Sector A, Fifth Settlement, Cairo, Al Qahirah 11835, Egypt

Project ID 52376

Status Repaying

Location

Egypt

Business Sector

Financial Institutions

Notice Type

Private

Approval Date

15 Sep 2021

Disclosure date

13 Aug 2021

GCF GEFF Egypt Commercial - AUB Egypt GVC (Arabic) (PDF, 0.27MB)

Project Description

Project Objectives

The proceeds of the loan will be on-lent to private SMEs within certain value chains (in such sectors as agribusiness, manufacturing and services, and information and communication technologies ("ICT")) for capex investments in climate change mitigation and adaptation technologies and services.

Transition Impact

ETI score: 75

The transition impact of the project will draw on the increased funding to SMEs in value chains to finance capex loans and enhance SME competitiveness in high performance technologies.

Client Information

KUWAIT FINANCE HOUSE BANK EGYPT SAE

AUBE is the 18th largest bank in Egypt (out of 38 currently operating) with total assets of USD 3.7bn as of 1Q2021 and market shares of ca. 0.8%, 1.2% and 0.9% in terms of assets, loans and deposits, respectively. AUBE is 95.7% owned by Ahli United Bank ("AUB"), the largest bank in Bahrain.

EBRD Finance Summary

USD 1,500,000.00

Total Project Cost

USD 12,000,000.00

Additionality

The project will offer a combination of medium-term financing and technical expertise in a package that promotes targeted investment in climate change mitigation and adaptation technologies and services in Egypt.

Technical Cooperation and Grant Financing

The project will be supported by comprehensive technical assistance in the form of trainings, capacity building and support for project implementation from the dedicated programme consultant.

Company Contact Information

Omnia Kamal, FI Manager
Omnia.Kamal@AhliUnited.com
+20 100 521 6640
www.ahliunited.com/eg
81 El-Tesseen Street, Sector A, Fifth Settlement, Cairo, Al Qahirah 11835, Egypt

Implementation Summary

While good progress on the technical assistance aspects of this project has been made, with training and capacity building work
completed, the difficult macro-environment which was not conducive to capex investment demand in Egypt, affected lending pipeline in the
sector, including for KFH Egypt in the context of this loan. Although the initial tranche of this project did not yield the expected results, KFH Egypt achieved the objectives set in terms of Transition Impact for the first tranche of the credit line towards SMEs that was part of the financing package approved in 2021. Therefore, the overall
collaboration with KFH Egypt continued to help serve the EBRD's mandate in Egypt.
However, due to the recent conversion of KFH to Islamic banking, the subsequent uncommitted tranches of this loan are not expected to
be drawn down by KFH.

PSD Last Updated

17 Mar 2026

Understanding transition

Further information regarding the EBRD’s approach to measuring transition impact is available here.

Business opportunities

For business opportunities or procurement, contact the client company.

For business opportunities with the EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

For state-sector projects, visit EBRD Procurement:

Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

Specific enquiries can be made using the EBRD Enquiries form.

Environmental and Social Policy (ESP)

The ESP and its associated Environmental and Social Requirements (ESRs) set out the ways in which the EBRD implements its commitment to promoting “environmentally sound and sustainable development”. The ESP and the ESRs include specific provisions for clients to comply with the applicable requirements of national laws on public information and consultation, and to establish a grievance mechanism to receive and facilitate resolution of stakeholders’ concerns and grievances, in particular, about the environmental and social (E&S) performance of the client and the project. Proportionate to the nature and scale of a project’s environmental and social risks and impacts, the EBRD also requires its clients to disclose information, as appropriate, about the risks and impacts of projects or to undertake meaningful consultation with stakeholders and consider and respond to their feedback.

More information on the EBRD’s practices in this regard is set out in the ESP.

Integrity and compliance

The EBRD's Office of the Chief Compliance Officer (OCCO) promotes good governance and ensures that the highest standards of integrity are applied to all of the Bank's activities in accordance with international best practice. Integrity due diligence is conducted on all Bank clients to ensure that projects do not present unacceptable integrity or reputational risks to the Bank. The EBRD believes that identifying and resolving issues in the project assessment and approval stages is the most effective means of ensuring the integrity of Bank transactions. OCCO plays a key role in these protective efforts andhelps to monitor integrity risks in projects post-investment.

OCCO is further responsible for investigating allegations of fraud, corruption and misconduct in EBRD-financed projects. Anyone, either within or outside the Bank, who suspects fraud or corruption should submit a written report to the Chief Compliance Officer by email to compliance@ebrd.com. OCCO will follow-up all matters reported. It will review all matters reported. Reports can be made in any language of the Bank or of the Bank's countries of operation. The information provided must be made in good faith.

Access to Information Policy (AIP)

The AIP, which entered into force on 1 January 2025, sets out how the EBRD discloses information and consults with its stakeholders to promote better awareness and understanding of its strategies, policies and operations. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.

Specific requests for information can be made using the EBRD enquiries form.

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (for example, 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 the 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 more about IPAM and its mandate and how to submit a Request for review. Alternatively, contact IPAM by email at ipam@ebrd.com for guidance and more information on IPAM and how to submit a request.

Project ID 52376

Status Repaying

Location

Egypt

Business Sector

Financial Institutions

Notice Type

Private

Approval Date

15 Sep 2021

Disclosure date

13 Aug 2021

GCF GEFF Egypt Commercial - AUB Egypt GVC (Arabic) (PDF, 0.27MB)

Project description

Project objectives

Transition impact

ETI Score:75

transition impact of the project will draw on the increased funding to SMEs in value chains to finance capex loans and enhance SME competitiveness in high performance technologies.

Client information

AHLI UNITED BANK EGYPT SAE

EBRD Finance Summary

USD 9,000,000.00

Total project cost

USD 12,000,000.00

Additionality

Environmental & Social Summary

Categorised FI (ESP 2019): AUBE will be required to comply with PRs 2, 4 & 9, and further, implement and comply with EBRD's Environmental & Social (E&S) Procedures and the applicable Risk Management Procedures for SME and Corporate Lending. AUBE will also be required to submit annual environmental and social reports to the Bank. The client will receive guidance from the EBRD on the implementation of the applicable Risk Management Procedure.

Technical Cooperation and Grant Financing

The project will be supported by comprehensive technical assistance in the form of trainings, capacity building and support for project implementation from the dedicated programme consultant.

Company Contact Information

Omnia Kamal, FI Manager
Omnia.Kamal@AhliUnited.com
+20 100 521 6640
www.ahliunited.com/eg
81 El-Tesseen Street, Sector A, Fifth Settlement, Cairo, Al Qahirah 11835, Egypt

PSD last updated

13 Aug 2021

Understanding transition

Further information regarding the EBRD’s approach to measuring transition impact is available here.

Business opportunities

For business opportunities or procurement, contact the client company.

For business opportunities with the EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

For state-sector projects, visit EBRD Procurement:

Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

Specific enquiries can be made using the EBRD Enquiries form.

Environmental and Social Policy (ESP)

More information on the EBRD’s practices in this regard is set out in the ESP.

Integrity and compliance

Access to Information Policy (AIP)

Specific requests for information can be made using the EBRD enquiries form.

Independent Project Accountability Mechanism (IPAM)

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.

GCF GEFF Egypt Commercial - KFH Bank Egypt GVC

Overview

Company Contact Information

Project Description

Project Objectives

Transition Impact

Client Information

EBRD Finance Summary

Total Project Cost

Additionality

Environmental and Social Summary

Technical Cooperation and Grant Financing

Company Contact Information

Implementation Summary

PSD Last Updated

Understanding transition

Business opportunities

General enquiries

Environmental and Social Policy (ESP)

Integrity and compliance

Access to Information Policy (AIP)

Independent Project Accountability Mechanism (IPAM)

Project description

Project objectives

Transition impact

Client information

EBRD Finance Summary

Total project cost

Additionality

Environmental & Social Summary

Technical Cooperation and Grant Financing

Company Contact Information

PSD last updated

Understanding transition

Business opportunities

General enquiries

Environmental and Social Policy (ESP)

Integrity and compliance

Access to Information Policy (AIP)

Independent Project Accountability Mechanism (IPAM)