📋 Tender Overview
Location: Egypt
Project number: 55256
Business sector: Financial institutions
Notice type: Private
Environmental category: FI
EBRD Finance Summary: EUR 25,000,000.00
Total Project Cost: EUR 50,000,000.00
Project Description
Provision of up to EUR 25 million unfunded guarantee under the Portfolio Risk Sharing ("PRS") in favour of Qatar National Bank S.A.E ("QNB"). The guarantee will cover up to 50% of the credit risk on a pro rata basis on the newly-generated MSME loan portfolio originated by QNB.
Project Objectives
This is the first pilot project implementing the EBRD's Portfolio Risk Sharing product in Egypt. The product aims to release a bank's risk-taking capacity to boost on-lending to MSMEs, addressing an MSME financing gap in the market.
Transition Impact
ETI score: 60
The transition impact of the project derives from Competitive and Resilient transition qualities: the facility will enable QNB to further expand lending operations to the SME sector in Egypt and derisk QNB's SME lending operations.
