According to the EBRD, the project consists of the provision of a senior unsecured loan of up to USD 40 million to Banque du Caire for on-lending to private micro, small and medium-sized enterprises (MSMEs) in Egypt.
The EBRD loan will assist BDC to develop its MSME lending activities and expand access to finance for underserved private MSMEs.
As stated by the EBRD, Banque du Caire SAE is the 6th largest bank in Egypt with total assets of ca. USD 13bn as of June 2023. The bank operates the 3rd largest branch network in Egypt, and is ultimately owned by Banque Misr, the second largest bank in Egypt.
Financial Intermediary - Banque du Caire SAE:
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