Original disclosure @ EBRD website
Updated in EWS Feb 7, 2023
Disclosed by Bank Jan 20, 2023
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This project involves the provision of a subordinated loan to Bank al Etihad of up to USD 35 million equivalent in JOD, including; (i) up to USD 25 million, to support eligible businesses and individuals in Jordan (Tranche A), and (ii) up to USD 10 million for on-lending to women-led SMEs (Tranche B).
The project will support Bank al Etihad in its on-lending activity to (i) eligible businesses and individuals; and (ii) eligible private local women-led SMEs; piloting EBRD's Women in Business programme in Jordan. The loan will allow Bank al Etihad to strengthen its Tier two capital and optimize its capital structure. Also, the bank will develop a transition plan as defined in the EBRD's Paris alignment methodology for indirect finance.
Bank al Etihad was incorporated in 1978 and has since grown to become one of the leading banking groups in Jordan. It ranks third in Jordan in terms of customer deposits and facilities, and fourth in terms of total assets.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
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+962 6 560 7011
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