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 50 million under the regional GCF GEFF programme, of which up to USD 7.5 million is expected to be co-financed by the Green Climate Fund ("GCF").
The EBRD loan will enable QNB ALAHLI to (i) support on-lending to private sub-borrowers for green, energy efficiency and renewable energy projects, which are of particular relevance in the context of the high energy intensity of Egypt's economy, and (ii) to support high performance technologies and services supporting a green economy. Sub-borrowers include micro, small and medium-sized enterporises (MSMEs) and individual households that operate across the residential, agribusiness, industrial, commercial and service sectors.
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
Postal Address: QNB ALAHLI Dar Champollion, 5 Champollion st. down town P.O.Box 2664, Cairo Egypt
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