National Bank of Egypt SME Loan
Business sector:Financial institutions
Target board date:17 Jan 2018
PSD disclosed:17 Aug 2018
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.
The EBRD loan will enhance the growth and development of micro, small and medium-sized enterprises (MSMEs) in Egypt.
The MSME loan will increase availability of funding to the MSME segment with a focus on reaching regional clients.
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
Total Project Cost
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.
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