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Banque Misr SL

Sector: Water Supply and Storage • Location: Egypt, Arab Republic of

Source: International Finance Corporation (IFC)

Project
Active

IFC's proposed investment in Banque Misr (BM or the Bank) consists of (i) an up to US$150 million 3-year investment in the form of a senior sustainability loan. This investment forms part of a broader IFC Board-approved investment envelope of up to US$220 million, with any additional amount subject to further considerations and approvals. The proceeds will be  directed to support the Bank's lendin

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The project “Banque Misr SL” is an infrastructure initiative in the Water Supply and Storage sector, located in Egypt, Arab Republic of. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Status

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active

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Description

Description

IFC's proposed investment in Banque Misr (BM or the Bank) consists of (i) an up to US$150 million 3-year investment in the form of a senior sustainability loan. This investment forms part of a broader IFC Board-approved investment envelope of up to US$220 million, with any additional amount subject to further considerations and approvals. The proceeds will be  directed to support the Bank's lending activities to green and sustainable projects with 50% directed to climate assets, with 30% of that amount dedicated to funding the bank’s own green buildings. 50% to micro, small and medium enterprises (MSMEs) including a 20% carveout to women owned MSMEs (WMSMEs); and (ii) an uncommitted trade finance facility under IFC Global Trade Finance Program (GTFP) (the Project). 

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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