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Signature(s)

Amount
€ 91,390,970.57
Countries
Sector(s)
Egypt : € 91,390,970.57
Credit lines : € 91,390,970.57
Signature date(s)
4/05/2020 : € 91,390,970.57
Link to source

Summary sheet

Release date
16 January 2020
Status
Reference
Signed | 04/05/2020
20190202
Project name
Promoter - financial intermediary
BANQUE DU CAIRE LOAN FOR SMES
BANQUE DU CAIRE
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
USD 100 million (EUR 89 million)
not applicable
Location
Sector(s)
Description
Objectives

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

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

Environmental aspects
Procurement

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.

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.

Under ELM Guarantee

This operation is covered by the ELM Guarantee.

Link to source

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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