Translated version of this PSD: Arabic
The EBRD is considering a financing package of up to USD 140 million to QNB ALAHLI. The facility will comprise (i) a senior loan for on-lending to private small and medium enterprises (‘’SMEs’’) for up to USD 100 million; and (ii) up to USD 40 million trade finance limit for guarantees and cash advances.
The SME loan will increase the availability of finance to private SMEs allowing an increased number of SMEs, a largely underpenetrated segment, to gain access to bank credit.
The trade finance limit with QNB ALAHLI will strengthen the development of trade finance in the region promoting trade which contributes to the economic development of Egypt.
QNB ALAHLI is the fourth largest commercial bank in Egypt. The bank has a market share of 5-8% by assets, loans and deposits.
Up to USD 40 million.
Up to USD 140 million to be provided in USD.
Environmental and social categorisation, impact, and mitigation
Categorised FI (2014). QNB AHAHLI will be required to comply with PRs 2, 4 & 9. Under the SME 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.
Within the TFP framework and in line with technical assistance for all participating banks under the program, the trade finance limit will be supported by technical cooperation package which will enable the adoption of best practices, as well as the transfer of knowledge and skills needed trade finance.
Mr. Sherif Ezzat – Head of Trade Finance & Institutional Banking
P.O.Box 2664, Cairo, Egypt
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