FIF - QNB AlAhli SME Loan

Location:

Egypt

Project number:

48485

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Approval date:

02 Nov 2016

Status:

Signed

PSD disclosed:

31 Aug 2016

Translated version of this PSD: Arabic

Project Description

A financing package of up to USD 100 million to QNB ALAHLI SAE. The facility will comprise a senior loan for on-lending to private small and medium enterprises ("SMEs").

Project Objectives

The EBRD loan will assist QNB ALAHLI to develop its SME lending activities and expand access to finance for underserved private SMEs.

Transition Impact

The EBRD loan will increase the availability of finance to private SMEs allowing greater access to finance for this largely underserved segment.

The Client

QATAR NATIONAL BANK ALAHLI QNB ALAHLI SAE

QNB ALAHLI SAE is the fourth largest commercial bank in Egypt. The bank has a market share of 5-8% by assets, loans and deposits.

EBRD Finance

USD 100,000,000.00

Project Cost

USD 100,000,000.00

Environmental Impact

Categorised FI (2014). QNB AHAHLI will be required to comply with PRs 2, 4 & 9. Under the SME Loan the client will be required and apply the EBRD's E&S Procedures for Corporate and Small Loans and submit annual environmental and social reports to the EBRD.

Technical Cooperation

The loan will be supported by technical cooperation to assist QNB ALAHLI to enhance its capacity and know-how in SME lending, including a review of its product range and risk management approaches.

Company Contact

Ms. Sally Hamdalla, Head of Multilateral Relationships & Funding
Sally.HAMDALLA@QNBALAHLI.COM
(+202) 27707321
qnbalahli.com
P.O. Box 2664, Cairo, Egypt

 

Business opportunities

For business opportunities or procurement, contact the client company.

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