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    Reference: 20190202
    Release date: 16 January 2020

    Promoter – Financial Intermediary

    BANQUE DU CAIRE

    Location

    Description

    The project consists of a loan to Banque du Caire to finance small and medium sized enterprises (SMEs).

    Objectives

    The operation will enable to finance small/medium projects carried out by SMEs.

    Sector(s)

    Under ELM Guarantee

    This operation is covered by the ELM Guarantee.

    Proposed EIB finance (Approximate amount)

    USD 100 million (EUR 89 million)

    Total cost (Approximate amount)

    not applicable

    Environmental aspects

    The EIB 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 Banque du Caire financing will comply with national legislation and the ElB's Environmental and Social Standards.

    Procurement

    The intermediary is required to take all the required 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 - 4/05/2020

    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