Regional TFP: National Bank Of Egypt

Location:

Egypt

Project number:

44439

Business sector:

Financial institutions

Notice type:

Private

Approval date:

01 Oct 2013

Status:

Disbursing

PSD disclosed:

07 Jun 2013

Translated version of this PSD: Arabic

Project Description

The EBRD is considering a financing package of up to USD 100 million to the National Bank of Egypt.

The facility will comprise

(i) a senior loan of up to USD 50 million for on-lending to private micro, small and medium enterprises (‘’MSMEs’’); and

(ii) a trade finance limit of up to USD 50 million for guarantees and cash advances.

The project will be the first EBRD transaction in the Egyptian Financial Sector.

Transition Impact

The MSME loan will increase availability of medium-term funding to the MSME sector allowing an increased number of MSMEs gaining access to (medium term) bank credits.

The trade finance limit with NBE will strengthen the development of trade finance in the region promoting trade which contributes to the economic development of Egypt.

The Client

NBE is the largest commercial bank in Egypt wholly owned by the Government of Egypt. With total assets of EUR 42 billion, NBE has a market share of 20-27% by assets, loans and deposits.

NBE has identified MSME lending as a strategic priority, has necessary infrastructure in place and is committed to work together with the Bank to further develop this business line.

EBRD Finance

Up to USD 50 million.

Project Cost

Up to USD 100 million.

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. 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

The facility will be supported by technical cooperation projects which will enable transfer of best practices, knowledge and skills in MSME lending and trade finance.

Company Contact

Abbas Chams
Deputy General Manager
International Loans

E-mail: AbbasChams@nbe.com.eg
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
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

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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