Translated version of this PSD: Arabic
Project Description
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.
Transition Impact
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.
The Client
QNB ALAHLI is the fourth largest commercial bank in Egypt. The bank has a market share of 5-8% by assets, loans and deposits.
EBRD Finance
Up to USD 40 million.
Project Cost
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.
Technical Cooperation
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.
Company Contact
Mr. Sherif Ezzat – Head of Trade Finance & Institutional Banking
Direct: +(202)27707510
Fax: +(202)27707799
QNB ALAHLI
P.O.Box 2664, Cairo, Egypt
qnbalahli.com
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
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 (pcm@ebrd.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.
