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EBRD, QNB ALAHLI join forces to support women entrepreneurs in Egypt

In line with EBRD’s support for the development of micro, small, and medium enterprises in Egypt, and the leading role of QNB ALAHLI in Egypt regarding that field, EBRD offered a senior loan of $20m to QNB ALAHLI SAE for on-lending to local small businesses. The loan is the first under EBRD’s new “Egypt Women …

Shaimaa Raafat

EGBANK Signs a US$ 20 Million Trade Finance Agreement with EBRD 

In light of EG Bank’s efforts that focus on supporting exporters and importers, EG Bank signed a $20mn trade facility agreement with EBRD under its Trade Facilitation Programme (TFP) in a ceremony attended by EG Bank CEO Nidal Assar and EBRD President Suma Chakrabarti. The trade finance line will allow EG Bank to issue guarantees …

Daily News Egypt

EBRD provides $100m loan to Commercial International Bank of Egypt

EBRD is providing a subordinated loan of up to $100m to Commercial International Bank (CIB) to strengthen CIB’s capital base and support the growth of the bank’s lending in Egypt. The subordinated loan qualifies as Tier II capital under the recently modified regulations of the Central Bank of Egypt. It is the second time under …

Daily News Egypt

EBRD boosts small firms through lending $30m to Arab African International Bank

EBRD is further supporting the development of small and medium-sized enterprises (SMEs) in Egypt with a $30m loan to the Arab African International Bank (AAIB). EBRD’s SME credit line will help AAIB to further expand its SME lending and will contribute to increased access to finance for small businesses in Egypt. Although SMEs account for over 90 percent of all …

Daily News Egypt

EBRD, ALEXBANK support energy efficiency in Egypt

EBRD and the European Investment Bank (EIB) are planning to support energy-efficient and renewable energy investment in Egypt through a financing package to ALEXBANK in the amount of up to $30m under the Green Economy Financing Facility (GEFF) for Egypt. EBRD is providing a financing facility of up to $15m to ALEXBANK for on-lending to …

Daily News Egypt

EBRD is studying financing five feed-in tariff projects in its 2nd phase

Janet Heckman, managing director for the Southern and Eastern Mediterranean (SEMED) region at the European Bank for Reconstruction and Development (EBRD), said that the bank is currently studying to finance five projects in the second phase of the feed-in tariff projects starting from the second half of this year. Heckman told Daily News Egypt that …

El Husseiny Hassan