The package includes a $25 million loan under the EBRD’s Green Economy Financing Facility, with $3.75 million co-financed by the GCF, to fund on-lending to households and micro, small, and medium-sized enterprises (MSMEs) investing in climate adaptation and mitigation technologies.
It also provides an uncommitted $25 million increase to SCB’s Trade Facilitation Programme limit, allowing the bank to issue guarantees and cash advances.
This will help expand SCB’s trade finance portfolio, support import and export transactions, and diversify its correspondent banking services.
The EU will provide technical assistance for project preparation, implementation and monitoring, alongside up to $2.9 million in incentive grants for sub-borrowers who complete green projects.
These grants are designed to offset the upfront costs of adopting high-performance climate technologies.
The programme also includes staff training, with an emphasis on equal access to climate finance for men and women, as well as strengthening expertise in trade finance structuring, compliance, risk monitoring, and fraud prevention.
SCB, a Cairo-based joint-stock company, reported total assets of 3.4 billion euros in 2024. It operates 54 branches and employs about 1,700 staff nationwide.
Egypt, a founding member of the EBRD, has received more than 13.5 billion euros in investments across 206 projects since the bank began operations in the country in 2012.
In its latest regional outlook, the EBRD forecast Egypt’s real GDP growth would rise to 4.4 percent in FY2025/26.
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