National Bank of Egypt SME Loan

Project Description

Provision of a US$ 150 million loan to National Bank of Egypt (NBE) alongside a US$ 600 million club deal that includes international commercial lenders.

Project Objectives

The EBRD loan will enhance the growth and development of micro, small and medium-sized enterprises (MSMEs) in Egypt.

Transition Impact

The MSME loan will increase availability of funding to the MSME segment with a focus on reaching regional clients.

Client Information

NATIONAL BANK OF EGYPT

NBE is the largest commercial bank in Egypt wholly owned by the Government of Egypt. With total assets of USD 82 billion as at December 2017, NBE has a market share of 26-30% by assets, loans and deposits.

EBRD Finance Summary

USD 150,000,000.00

Total Project Cost

USD 150,000,000.00

Environmental and Social Summary

Categorised FI (2014). NBE will be required to comply with PRs 2, 4 & 9. Under the 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

None.

Company Contact Information

Abbas Chams
AbbasChams@nbe.com.eg
+202 25945312
http://www.nbe.com.eg/en/main.aspx

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)

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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.

Sources:

EBRD