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    Reference: 20200092
    Release date: 4 August 2020

    Promoter – Financial Intermediary

    BANQUE MISR SAE

    Location

    Description

    Loan for small and medium-sized enterprises (SMEs) and mid-caps in response to the COVID-19 crisis affecting private businesses.

    Objectives

    Loan will provide financing for the projects undertaken by small, medium and mid-cap enterprises across Egypt, addressing, among others, the increased working capital needs during the COVID-19 impact period.

    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.

    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 the EIB Guide to Procurement.

    Status

    Signed - 23/12/2020

    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