Original disclosure @ EBRD website
Updated in EWS Aug 25, 2022
Disclosed by Bank Aug 4, 2022
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According to bank provided information, the investment involves the provision of a medium-term senior unsecured loan of up to USD 8.0 million (EUR 7.8 million equivalent) in favour of Cairo Amman Bank Palestine ("CABP") for on-lending to MSMEs in the West Bank.
The project objective is contribution to the expansion of private sector MSMEs and support of further development of the Palestinian Banks.
Cairo Amman Bank is a universal bank with Head Office in Amman and operating through a network of 100 branches and offices in Jordan and 22 in West Bank and Gaza.
Firas S. Najjab, Deputy Regional Manager / Business Group
+970 2 297 7230
+970 2 297 9758
P.O. Box 1870, Ramallah, Palestine
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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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