National Bank of Egypt SME Loan

Location:

Egypt

Project number:

48543

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Approval date:

17 Jan 2018

Status:

Disbursing

PSD disclosed:

17 Aug 2018

Translated version of this PSD: Arabic

Project Description

Provision of a US$ 150 million loan to National Bank of Egypt (NBE) alongside a US$ 600 million club deal that includes international commercial lenders.

Project Objectives

The EBRD loan will enhance the growth and development of micro, small and medium-sized enterprises (MSMEs) in Egypt.

Transition Impact

The MSME loan will increase availability of funding to the MSME segment with a focus on reaching regional clients.

Client Information

NATIONAL BANK OF EGYPT

NBE is the largest commercial bank in Egypt wholly owned by the Government of Egypt. With total assets of USD 82 billion as at December 2017, NBE has a market share of 26-30% by assets, loans and deposits.

EBRD Finance Summary

USD 150,000,000.00

Total Project Cost

USD 150,000,000.00

Environmental and Social Summary

Categorised FI (2014). NBE will be required to comply with PRs 2, 4 & 9. Under the 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

None.

Company Contact Information

Abbas Chams
AbbasChams@nbe.com.eg
+202 25945312
http://www.nbe.com.eg/en/main.aspx

Business opportunities

For business opportunities or procurement, contact the client company.

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