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According to bank provided information, the project involves the rovision of a senior unsecured debt facility of USD 20 million to the Commercial International Bank S.A.E (CIB) for on-lending to local private women-led small and medium-sized enterprises (SMEs) in Egypt.
The EBRD categorized the project risk as 'FI'.
As stated by the EBRD, CIB is the largest private bank in Egypt with total consolidated assets of USD 32 billion as of December 2021.
Financial Intermediary - Commercial International Bank S.A.E.:
Abla Fahmy
Email: abla.hussein@cibeg.com
Phone: +(2) 01006634299
Website: https://www.cibeg.com/
Address: 21/23 Charles de Gualle street, Giza, 10th floor
ACCESS TO INFORMATION
You can request information by emailing: accessinfo@ebrd.com 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: pcm@ebrd.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