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- Financing Infrastructural Development and SMEs
Financing Infrastructural Development and SMEs
Egypt
| Borrower | National Bank of Egypt |
| Financing Type | Private Sector & Trade Finance |
| Instrument | Private Sector Debt |
| Focus Area | Financial |
| Approved | 11.12.2019 |
| Signed | 26.10.2021 |
| Status | Completed |
| Loan Administrator | AIIB |
| Co-financiers | AIIB |
| OPEC Fund Contribution (US$m) | 50.00 |
To support the bank’s on-lending to hard and soft infrastructure sub-projects.
The financing package includes a US$150 million loan from Asian Infrastructure Investment Bank (AIIB) and a US$50 million loan from the OPEC Fund, and will help bridge the infrastructure funding gap in Egypt, leveraging the National Bank of Egypt's (NBE) broad network in the country. The OPEC Fund’s loan will be used for on-lending to the private sector in priority industries that include education, energy (particularly renewables), health and transportation. In addition, NBE will on-lend to small- and medium-sized enterprises (SMEs).