Regional TFP: National Bank Of Egypt

disbursing

Translated version of this PSD: Arabic The EBRD is considering a financing package of up to USD 100 million to the National Bank of Egypt. The facility will comprise (i) a senior loan of up to USD 50 million for on-lending to private micro, small and medium enterprises (‘’MSMEs’’); and (ii) a trade finance limit of up to USD 50 million for guarantees and cash advances. The project will be the first EBRD transaction in the Egyptian Financial Sector. The MSME loan will increase availability of medium-term funding to the MSME sector allowing an increased number of MSMEs gaining access to (medium term) bank credits. The trade finance limit with NBE will strengthen the development of trade finance in the region promoting trade which contributes to the economic development of Egypt. NBE is the largest commercial bank in Egypt wholly owned by the Government of Egypt. With total assets of EUR 42 billion, NBE has a market share of 20-27% by assets, loans and deposits. NBE has identified MSME lending as a strategic priority, has necessary infrastructure in place and is committed to work together with the Bank to further develop this business line. Up to USD 50 million. Up to USD 100 million. Categorised FI. NBE will be required to comply with the EBRD's Performance Requirements 2 & 9 and the EBRD’s Environmental and Social Procedures for Small and Micro Loans. This will include adherence to the EBRD's Environmental and Social Exclusion Lists and submission of annual environmental and social reports to the Bank. The facility will be supported by technical cooperation projects which will enable transfer of best practices, knowledge and skills in MSME lending and trade finance. Abbas Chams Deputy General Manager International Loans E-mail: AbbasChams@nbe.com.eg Tel: + 202 25945312