West Bank and Gaza

Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

18 Jul 2018



PSD disclosed:

13 Jun 2018

Translated version of this PSD: Arabic

Project Description

The provision of a financing package of up to USD 6 million to The National Bank, the third largest local bank in West Bank and Gaza.

The package will comprise of (i) a senior loan of up to USD 5 million for on-lending to private micro, small and medium-sized enterprises (MSMEs) in West Bank; and (ii) a trade finance limit of up to USD 1 million for guarantees and cash advances.

Project Objectives

Contribute to the expansion of the private sector in West Bank, and support for the further development of the Palestinian financial sector.

Transition Impact

The project contributes to the objectives of the Financial Intermediaries Framework, supporting the competitive and resilient transition qualities. It seeks to increase the availability of financing to the
MSME segment and contribute to the competitiveness of financial institutions by enabling innovation in strategy, products, processes and marketing related to MSME lending.

The trade finance limit will promote trade and contribute to the economic development of West Bank and Gaza.

Client Information


The National Bank is the third largest local bank in West Bank and Gaza operating through a network of 17 branches in West Bank including 1 branch in East Jerusalem. The bank is listed on the Palestine Securities Exchange.

EBRD Finance Summary

The funding for the project will come from EBRD West Bank and Gaza Trust Fund.

Total Project Cost

SME loan: USD 5,000,000

TFP limit: USD 1,000,000

Environmental and Social Summary

Categorised FI (ESP 2014). TNB's Environmental Screening and Monitoring Procedures dated 2015 are in line with Performance Requirement (PR) 9 and its Human Resources Management practices are in line with the requirements under Performance Requirements 2 and 4. The industry sector breakdown of the bank's loan portfolio is deemed to be inherently Low-Medium E&S risk. TNB will be required to continue comply with the PRs, implement the EBRD's E&S Risk Management Procedures for Corporate, SME and Micro Loans and submit Annual E&S Reports to the Bank via the Sustainability Index.

Technical Cooperation

The National Bank is expected to benefit from tailored technical assistance support for on-lending to local MSMEs as well as the adoption of best practices and transfer of knowledge and skills needed for trade finance.

Company Contact Information

Ala' Ewies
+970 2 294 6090
+970 2 294 6118
Al-Masyoun, P.O Box 700, Ramallah, Palestine

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794

General enquiries

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

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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