Release date: 16 January 2020
Promoter – Financial Intermediary
BANQUE DU CAIRELocation
Description
The project consists of a loan to Banque du Caire to finance small and medium sized enterprises (SMEs).
Objectives
The operation will enable to finance small/medium projects carried out by SMEs.
Sector(s)
- Credit lines - Credit lines
Under ELM Guarantee
This operation is covered by the ELM Guarantee.
Proposed EIB finance (Approximate amount)
USD 100 million (EUR 89 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 Banque du Caire financing will comply with national legislation and the ElB's Environmental and Social Standards.
Procurement
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.
Status
Signed - 4/05/2020
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).