As stated by the EBRD, the project consists of a partial acquisition of a primary equity investment in GlobalCorp Financial Services (GCFS) alongside a consortium of investors made up of EBRD, Amethis and SPE Capital.
The project includes a primary capital component which will strengthen GCFS's capital position, help fund the expansion of its leasing and factoring SME segment, and expand into a wider array of financial services for the private sector.
As stated by the EBRD, GlobalCorp Financial Services is a non-banking financial institution offering leasing and factoring to corporates and SMEs in Egypt. GCFS was launched in 2015 by the Sanad Fund for MSME, CEO Hatem Samir, and Wadi Degla Holding, an Egyptian conglomerate.
Financial Intermediary - GlobalCorp Financial Services:
Address: River Walk Building, Block 21 North Investors, Mohamed Naguib Axis, New Cairo, Cairo, Egypt
ACCESS TO INFORMATION
You can request information by emailing: firstname.lastname@example.org or by using this electronic form: https://www.ebrd.com/eform/information-request
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: email@example.com or you can submit a complaint online using an online form at: 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