Reference: 20190203
Release date: 26 August 2019

Promoter – Financial Intermediary

BANQUE MISR SAE

Location

Description

The project will enhance access to finance to small, medium sized enterprises (SMEs) and MidCaps across Egypt.

Objectives

The operation will further stimulate inclusive development of local private sector by improving access to long term financial resources, with the aim of supporting private sector development through eligible sectors of Egyptian economy.

Sector(s)

Under ELM Guarantee

This operation is covered by the ELM Guarantee.

Proposed EIB finance (Approximate amount)

EUR 500 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 Bank financing will comply with national legislation and the ElB's Environmental and Social Standards.

Procurement

Banque Misr will be required o take all the required measures to ensure that any procurement procedures carried out by the final beneficiaries are in line with EIB's Guide to Procurement.

Status

Signed - 24/11/2019

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).

Related tags

Egypt Credit lines