Release date: 4 August 2020
Promoter – Financial Intermediary
BANQUE MISR SAELocation
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)
- Credit lines - Credit lines
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 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).