Regional TFP: Bank of Alexandria (EBRD-48227)

Countries
  • Egypt
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jul 20, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Bank of Alexandria
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jun 22, 2017

Disclosed by Bank Jun 17, 2016


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Project Description
The EBRD is considering a financing package of up to USD 100 million to Bank of Alexandria "AlexBank", an Egyptian bank. The facility will comprise (i) a senior loan for on-lending to private small and medium enterprises (''SMEs'') for up to USD 50 million; and (ii) up to USD 50 million trade finance limit for guarantees and cash advances. The EBRD loan will assist AlexBank to develop its SME lending activities and expand access to finance for underserved private SMEs.
Investment Description
  • European Bank for Reconstruction and Development (EBRD)
The facility will comprise (i) a senior loan for on-lending to private small and medium enterprises (''SMEs'') for up to USD 50 million; and (ii) up to USD 50 million trade finance limit for guarantees and cash advances.
Contact Information
COMPANY CONTACT INFORMATION Tamer Seif El Din Head of Corporate Banking Products Division + (202) 2399 2000 https://www.alexbank.com/En AlexBank-Egypt, Head Office 49 Kasr El Nile Str. ACCOUNTABILITY MECHANISM OF EBRD The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.