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    Reference: 20170972
    Release date: 19 March 2018

    Promoter – Financial Intermediary

    NATIONAL BANK OF EGYPT

    Location

    Description

    The project consists of a loan for small and medium-sized enterprises (SMEs) and mid-caps to support small and medium scale projects in Egypt.

    Objectives

    This loan will improve competitiveness and access to finance at favourable conditions for SMEs and mid-caps.

    Sector(s)

    Under ELM Guarantee

    This operation is covered by the ELM Guarantee.

    Proposed EIB finance (Approximate amount)

    EUR 750 million

    Total cost (Approximate amount)

    not applicable

    Environmental aspects

    The Bank will require the intermediary institution to take all the requisite measures to ensure that the procedures carried out by the final beneficiaries for the sub-projects receiving Bank financing will comply with national legislation and the ElB's environmental and social standards, as set out in Vol I of the EIB Environmental and Social Handbook.

    Procurement

    The Bank will require the intermediary institution to take all the requisite measures to ensure that any procurement procedures carried out by the final beneficiaries for the sub-projects that the Bank finances are in accordance with EIB Guide to Procurement.

    Status

    Signed - 26/07/2018

    Disclaimer

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

    Related tags

    Egypt Credit lines