Translated version of this PSD: Arabic
A financing package of up to USD 100 million to Bank of Alexandria "AlexBank", an Egyptian bank. The facility will comprise (i) a senior loan for on-lending to private small and medium enterprises (''SMEs'') for up to USD 50 million; and (ii) up to USD 50 million trade finance limit for guarantees and cash advances.
The EBRD loan will assist AlexBank to develop its SME lending activities and expand access to finance for underserved private SMEs.
The trade finance limit will provide guarantees to international commercial banks (confirming banks) by taking the political and commercial payment risk of transactions undertaken by AlexBank. In addition, it will provide cash loans to fund trade-related advances to local companies exclusively for the purpose of pre-export, post-import and local distribution of imported goods.
The SME loan will increase the availability of finance to private SMEs allowing this largely underpenetrated segment, to gain access to bank credit.
The trade finance limit with AlexBank will strengthen the development of trade finance in the region promoting trade which contributes to the economic development of Egypt.
AlexBank is headquartered in Cairo, Egypt, with over 170 branches distributed across the country. It provides a wide range of corporate, retail and investment banking services in Egypt.
EBRD Finance Summary
Up to USD 50 million senior loan for on-lending to private small and medium enterprises (''SMEs'').
Total Project Cost
Total project cost up to USD 100 million including: (i) a senior loan for on-lending to private small and medium enterprises (''SMEs'') for up to USD 50 million; and (ii) up to USD 50 million trade finance limit for guarantees and cash advances.
Environmental and Social Summary
Categorised FI (2014 ESP). AlexBank will be required to comply with EBRD’s Performance Requirements 2, 4 and 9, adopt and implement the EBRD’s E&S Risk Management Procedures for Corporate and Small Loans and submit Annual Environmental and Social Reports to the Bank. For the TFP loan the client will be required to apply the EBRD’s E&S Procedures for Trade Finance
The loan will be supported by technical cooperation to assist AlexBank to enhance their capacity and know-how in SME lending, including by the review of the product range and opportunities to reach out to various target groups, including women-led enterprises.
Company Contact Information
Tamer Seif El Din - Head of Corporate Banking Products Division
+ (202) 2399 2000
AlexBank-Egypt, Head Office 49 Kasr El Nile Street Down Town, Cairo, Egypt
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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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.