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    Signature(s)

    Amount
    € 70,000,000
    Countries
    Sector(s)
    Egypt : € 70,000,000
    Credit lines : € 70,000,000
    Signature date(s)
    15/02/2023 : € 70,000,000
    Link to source
    Other links

    Summary sheet

    Release date
    28 October 2022
    Status
    Reference
    Signed | 15/02/2023
    20220665
    Project name
    Promoter - financial intermediary
    BANQUE DU CAIRE MICROFINANCE LOAN
    BANQUE DU CAIRE
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 70 million
    not applicable
    Location
    Sector(s)
    Description
    Objectives

    Through this EIB operation, Banque du Caire (BdC) will be able to provide micro-loans to micro-entrepreneurs and enhance access to finance to the most vulnerable population in Egypt.

    The aim is to strengthen the support provided by BdC to underserved and unserved businesses in Egypt, mainly micro or small enterprises located outside the main urban economic centres of Cairo and Alexandria, as well as people largely excluded from the financial services.

    Environmental aspects
    Procurement

    Final beneficiaries will be requested to comply with the applicable national legislation and with the EIB Environmental and Social Standards.

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Milestone
    Under appraisal
    Approved
    Signed
    14 December 2022
    15 February 2023
    Link to source
    Other links

    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).

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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