Egypt - Corporate Leasing Company (CORPLEASE) (AFDB-P-EG-H00-005)

  • Egypt
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • African Development Bank (AFDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jan 29, 2020
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Government of Egypt
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 15.19 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ AFDB website

Updated in EWS Sep 8, 2020

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to bank documents, the overarching objective of the project is to finance the development of active Egyptian corporates including SMEs, which will contribute to the attainment of the Bank's priorities and align with Egypt vision 2030. The facility will be used specifically to fund targeted new transactions linked to the Bank Hi5's priority agenda with emphasis on agribusiness and food industries, ICT, health, transport, tourism, clean energy, and manufacturing related transactions.

The proposed operation involves a facility in form of a Senior Loan of up to USD 15 mln to support the Corporate Leasing Company ("Corplease") expansion of leasing financing in Egypt for local corporates, including SMEs. Corplease is a private joint stock company incorporated in December 2003 by Commercial International Bank (CIB) Egypt, DEG (Germany) and Union de Banques Arabes et Francaises. Since then, it has grown remarkably and established itself as a market leader in the leasing market in Egypt. The proposed facility will expand Corplease footprint in the local market, increase its competitive advantage by elongating the tenor of its financial services and lowering its cost of fund, and will target the most vital sectors in Egypt. The proposed support will enhance Corplease capacity to deliver on its strategic agenda, thereby benefitting numerous local corporates, including SMEs currently active in Egypt's real economy. The facility will complement the Egyptian government and the AfDB efforts to create jobs, stimulate growth and create robust and self-sustaining financial markets. The transaction will assist an active player on the Egyptian capital market and a prominent leasing services provider in the country. It will therefore enable the company fund its projects pipeline and thus expand its leasing portfolio in Egypt on competitive terms.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

*Contact information not provided at the time of disclosure*


The Independent Review Mechanism (IRM), which is administered by the Compliance Review and Mediation Unit (CRMU), is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an African Development Bank (AfDB)-financed project. If you submit a complaint to the IRM, it may assist you by either seeking to address your problems by facilitating a dispute resolution dialogue between you and those implementing the project and/or investigating whether the AfDB complied with its policies to prevent environmental and social harms. You can submit a complaint electronically by emailing,,, and/or You can learn more about the IRM and how to file a complaint at

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