Translated version of this PSD: Arabic
Provision of a financing package of up to USD 70 million to QNB AlAhli Bank SAE.
The facility will comprise:
i. a senior loan of up to USD 20 million under the Egypt Green Energy Financing Facility ("EgyptGEFF");
ii. a senior loan of up to USD 20 million under the regional GCF GEFF, of which up to USD 5 million is expected to be co-financed by the Green Climate Fund under the same conditions;
iii. a senior loan of up to USD 30 million value chain financing composed of (i) a loan under the Green Value Chain framework, of which up to USD 7.5 million is expected to be co-financed by Green Climate Fund under the same conditions, and/or (ii) a loan for on-lending to private small and medium enterprises.
The EBRD loan will enable QNB AlAhli (i) to support on-lending to private sub-borrowers for green, Energy Efficiency (EE) and Renewable Energy (RE) projects, which are of particular relevance in the context of high energy intensity of the Egyptian economy, and (ii) to support high performance technologies and services supporting a green economy and boosting the competitiveness of Small and Medium Enterprises (SMEs) part of a value chain.
The loan under GEFF will enable QNB AlAhli i) to provide funding to Egyptian private eligible beneficiaries to finance green, small RE and EE projects in the private sector and ii) to finance its excess pipeline under its first Egypt Sustainable Energy Financing Facility.
The value chain financing will enable QNB AlAhli to support high performance technologies and services supporting a green economy and boost the competitiveness of SMEs as part of a value chain.
QATAR NATIONAL BANK 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 Summary
Up to USD 57.5 million
Senior unsecured loan of up to USD 70 million, out of which up to USD 12.5 million is expected to be co-financed by GCF.
Total Project Cost
Up to USD 70 million to be provided in USD
Environmental and Social Summary
GEFF and GVC lines
Category FI (2014 ESP). QNB AlAhli is an existing client and will be required to continue to comply with PRs 2, 4 and 9 apply the EBRD's E&S Risk Management Procedures for Corporate and SME loans and submit annual environmental and social reports to the Bank. All projects under the Green Economy Financing Facility (GEFF) will be required to comply with the national environment, health and safety and labour regulations and standards as well as the E&S eligibility criteria for RE and EE sub-projects.
FIF SME line
Category FI (2014 ESP). QNB AlAhli is an existing client and will be required to continue to comply with PRs 2, 4 and 9 apply the EBRD's E&S Risk Management Procedures for Corporate and SME loans and submit annual environmental and social reports to the Bank. Sub-borrowers financed through this loan will be required to comply with national environmental, health, safety and labour (EHSL) requirements.
QNB AlAhli is expected to benefit from the support of the grant resources from the EBRD Shareholder Special Fund ("SSF"). Donor funds will support a comprehensive technical assistance programme to provide implementation support to QNB AlAhli and its customers, and ii) verification of the outcome of completed projects. Grants are expected to provide investment incentives to QNB AlAhli and end borrowers.
Company Contact Information
For business opportunities or procurement, contact the client company.
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
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 (email@example.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.