Cairo Amman Bank WBG MSME Loan

Location:

West Bank and Gaza

Project number:

49598

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Target board date:

27 Feb 2018

Status:

Signed

PSD disclosed:

17 Jan 2018

Translated version of this PSD: Arabic

Project Description

The provision of medium-term debt financing for on-lending to local MSMEs in West Bank and Gaza.

Project Objectives

Contribution to the expansion of private sector and support of further development of the Palestinian Banks.

Transition Impact

The project contributes to the objectives of the financial intermediaries, supporting 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 by enabling innovation in strategy, products, processes and marketing related to MSME lending.

Client Information

CAIRO AMMAN BANK

Cairo Amman Bank is a universal bank with Head Office in Amman and operating through a network of 84 branches and offices in Jordan and 21 in West Bank and Gaza.

EBRD Finance Summary

N/A. The funding for the project will come from EBRD West Bank and Gaza Trust Fund.

Total Project Cost

USD 5,000,000.00

Environmental and Social Summary

Categorised FI (ESP 2014). CABP will be required to comply with the EBRD's Performance Requirements 2, 4 and 9, adopt and implement the EBRD's Environmental and Social (E&S) Risk Management Procedures for SME loans and submit Annual Environmental and Social Reports to the Bank.

Technical Cooperation

Cairo Amman Bank is expected to benefit from tailored technical assistance support for on-lending to local MSMEs.

Company Contact Information

Elena Voshchevskaya
voshchee@ebrd.com
+ 44 207 338 7754
ebrd.com
EBRD, 1 Exchange Square, EC2A 2JN, London.
 

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