📋 Tender Overview
Project ID: 56118
Status: Concept Reviewed
Location: Egypt
Business Sector: Financial Institutions
Notice Type: Private
Approval Date: 30 May 2025
Disclosure date: 20 May 2025
Project Description
Provision of an uncommitted Trade Facilitation Programme ("TFP") limit of up to USD 25 million to Suez Canal Bank ("SCB") for guarantees and cash advances.
Project Objectives
The trade finance limit with SCB will strengthen the development of trade finance in the region promoting trade which contributes to the economic development of Egypt.
Transition Impact
ETI score:61
trade finance limit will enable SCB to support import and export transactions, expand its correspondent banking services and trade finance product range and help facilitate transactions.
Client Information
SUEZ CANAL BANK SAE
SCB is an Egyptian commercial bank based in Cairo and organized as a joint stock company. SCB's total assets amounted to EUR 3.4bn at YE2024, making it the 15th largest bank in the market. It operates through a network of 54 branches and employs around 1,700 people across Egypt.
