Translated version of this PSD: Arabic
Project Description
The provision of a loan of USD 50 million to Societe Generale de Banque au Liban ("SGBL").
Project Objectives
The loan will be used to on-lend to micro, small and medium-sized enterprises ("MSMEs") in Lebanon.
Transition Impact
The EBRD loan will increase the availability of finance to micro, small and medium businesses in Lebanon, allowing greater access to finance for this largely underserved segment.
Client Information
SOCIETE GENERALE DE BANQUE AU LIBAN
SGBL is the 5th largest bank in Lebanon with total consolidated assets of USD 21 billion as of December 2017.
EBRD Finance Summary
USD 50,000,000.00
Total Project Cost
USD 50,000,000.00
Environmental and Social Summary
Categorised FI (ESP 2014). SGBL will be required to comply with the Bank's Performance Requirements 2, 4 and 9 and implement the EBRD's Environmental and Social Risk Management Procedures for SME and Micro Loans. The bank will also be required to submit Annual Environmental and Social Reports to the EBRD by completing the EBRD's FI Sustainability Index.
Technical Cooperation
None.
Company Contact Information
Mrs Mona Mroue
mona.mroue@socgen.com
http://www.sgbl.com.lb
Saloumeh Roundabout, Dekwaneh, SGBL building Beirut - Lebanon
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
Project Complaint Mechanism (PCM)
The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.
Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (pcm@ebrd.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.
