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Resilience Framework - NBK Egypt loan

Sector: Residential • Location: Egypt

Source: European Bank for Reconstruction and Development (EBRD)

Project
Complete

This project was approved as part of the Bank's response to the COVID-19 pandemic.  To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of the Directive on Access to Information.  Details of the Bank's response to COVID-19, and this deviation, can be found on our website. Provision of

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Project Information

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The project “Resilience Framework - NBK Egypt loan” is an infrastructure initiative in the Residential sector, located in Egypt. Taiyo aggregates data on it from European Bank for Reconstruction and Development (EBRD).

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Participants

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Status

Original status

complete

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Description

Description

This project was approved as part of the Bank's response to the COVID-19 pandemic.  To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of the Directive on Access to Information.  Details of the Bank's response to COVID-19, and this deviation, can be found on our website. Provision of a senior unsecured loan to National Bank of Kuwait Egypt ("NBKE") of up to USD 100 million, under the Bank's Resilience Framework ("RF") developed to address the impact resulting from the COVID-19 pandemic. Proceeds of the proposed loan will be on-lent to local private Small and Medium Enterprises ("SMEs"), and to Corporates to cover liquidity needs that may arise as a result of COVID-19.

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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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