According to bank provided information, the investment involves the provision of a senior unsecured loan to QNB ALAHLI SAE ("QNB ALAHLI") of up to USD 12.5 million under the Egypt Green Economy Financing Facility ("EgyptGEFF").
The EBRD loan will enable QNB ALAHLI to support on-lending to private sub-borrowers for green, energy efficiency and renewable energy projects, which are of particular relevance in the context of high energy and carbon intensity of the Egyptian economy.
QNB ALAHLI is a commercial bank incorporated in Egypt. It is the fourth-largest Egyptian bank by asset size and the second largest private bank. The bank recorded assets of EUR 15 bn at year-end 2020 with market shares of 4.5%, 7% and 4.2% by assets, loans and deposits, respectively. It is 94.97% controlled by Qatar National Bank (Q.P.S.C.) (Qatar).
+ 202 2770 7321
QNB ALAHLI Dar Champollion, 5 Champollion st. down town P.O.Box 2664, Cairo Egypt
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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.
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