National Bank of Egypt EE Line



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

29 Oct 2014



PSD disclosed:

12 Sep 2014

Translated version of this PSD: Arabic

Project Description

The EBRD is considering up a financing package of up to USD 80 million to the National Bank of Egypt.

The facility will comprise of (i) a senior loan of up to USD 30 million for on-lending to private small and medium-sized enterprises (“SMEs”); (ii) a USD 20 million pilot Women–in-Business facility (WiB) to support women-led SMEs; and (iii) a facility of up to USD 30 million for on-lending to private sub-borrowers for energy efficiency and renewable energy projects.

Transition Impact

The SME loan will increase the availability of finance to private SMEs supporting an increased number of SMEs - a largely underserved and important segment - gaining access to bank credit.

The ultimate goal of the WiB programme is to promote women’s entrepreneurship and more broadly, their participation in the economy. The WiB facility will pilot the first comprehensive programme of its kind in Egypt combining dedicated financing for women-led SMEs with technical assistance for capacity building to both the financial intermediary and end-borrowers.

The energy efficiency facility will pilot the first dedicated sustainable energy efficiency facility (‘SEFF’) in Egypt with a commercial bank leveraging EBRD’s successful track record in structuring and implementing similar facilities in the past ten years in other countries. Promoting sustainable energy investments by private companies is of particular relevance at present in the context of the current subsidy reforms in Egypt.

The Client

NBE is the largest commercial bank in Egypt wholly owned by the Government of Egypt. With total assets of EUR 45 billion, NBE has a market share of 21-27% by assets, loans and deposits.

EBRD Finance

Energy Efficiency Facility: up to USD 30 million.

Project Cost

Up to USD 80 million senior debt to be provided in USD.

Environmental Impact

Categorised FI. NBE will be required to comply with the EBRD's Performance Requirements 2 & 9 and the EBRD’s Environmental and Social Procedures for Small and Micro Loans and Environmental and Social Procedures for Corporate Loans. This will include adherence to the EBRD's Environmental and Social Exclusion Lists and submission of annual environmental and social reports to the Bank.

Technical Cooperation

In line with the standard SEFF model, TC - with the estimated budget of EUR 1.5 million - will support the EBRD, NBE and sub-borrowers in the design and successful implementation of the energy efficiency facility..

Company Contact

Abbas Chams
General Manager
International Loans

Tel: + 202 25945312


Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168

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

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.

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