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Signature(s)

Amount
€ 139,935,247.51
Countries
Sector(s)
Egypt : € 139,935,247.51
Credit lines : € 139,935,247.51
Signature date(s)
4/06/2018 : € 19,935,247.51
14/03/2015 : € 120,000,000

Summary sheet

Release date
14 April 2014
Status
Reference
Signed | 14/03/2015
20130288
Project name
Promoter - financial intermediary
PRIVATE SECTOR DEVELOPMENT AND ECONOMIC GROWTH
Acceptable banks.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 140 million
not applicable
Location
Sector(s)
Description
Objectives

Line of credit to Egyptian banks for the purpose of financing small and medium sized projects in productive and related sectors in Egypt. The overall objective of the loan is to promote economic growth and employment for Egyptian private sector companies.

The project's objective is to support the local private sector, in particular SMEs. The proposed credit line facility is aimed at the partial financing of small and medium-sized investment projects targeting productive sectors undertaken by private companies. It will improve the availability of long-term funding and the possibility of extending foreign currency loans for the intermediary banks.

Environmental aspects
Procurement

Projects co-financed under the proposed facility will be required to comply with the relevant national legal framework and be acceptable to the Bank in line, as appropriate, with the EU Environmental policy and legislation.

Normal procurement rules for EIB global loans will apply.

Under ELM Guarantee
Comments

This operation is covered by the EU Political Risk Guarantee for EIB loans outside the EU.

This operation is covered by the EU Guarantee for EIB loans outside the EU.

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).

News & Stories

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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