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    Signature(s)

    Amount
    € 80,000,000
    Countries
    Sector(s)
    Egypt : € 80,000,000
    Credit lines : € 80,000,000
    Signature date(s)
    17/12/2013 : € 80,000,000

    Summary sheet

    Release date
    5 June 2013
    Status
    Reference
    Signed | 17/12/2013
    20110337
    Project name
    Promoter - financial intermediary
    NBE GLOBAL LOAN (EGYPT)
    NATIONAL BANK OF EGYPT
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 80 million
    Not applicable.
    Location
    Sector(s)
    Description
    Objectives

    Line of credit under the Special FEMIP Envelope (SFE) to the National Bank of Egypt (NBE) for financing small and medium-sized projects in agribusiness, manufacturing, tourism, private education, small scale energy, healthcare and related services in Egypt.

    In line with EIB FEMIP operational plan 2013 for Egypt the project's objective is to support local private sector, and in particular SMEs. The proposed credit line facility is aimed at the partial financing of small and medium-sized investment projects targeting eligible sectors, undertaken by private companies. It will improve the availability of long-term funding and the possibility of extending foreign currency loans, in particular for export oriented enterprises.

    Environmental aspects
    Procurement

    Projects co-financed under the proposed facility will be required to comply with the relevant national legal framework and be acceptable to the Bank in line, as appropriate, with the EU Environmental policy and legislation.

    Normal procurement rules for EIB global loans will apply.

    Comments

    This operation is covered by the EU Political Risk Guarantee for EIB loans outside the EU.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    News & Stories

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