EBRD, Emirates NBD Egypt partner to boost private sector financing with $25mln facility - Markets & Companies
The European Bank for Reconstruction and Development (EBRD) has signed a $25 million (€21.7 million) risk-sharing facility with Emirates NBD Egypt to expand access to finance for Egyptian private-sector firms, particularly those with high export potential and youth-led ventures.
Emirates NBD Egypt is the first bank in the country to partner with the EBRD under this new facility, which comprises a $15 million (€13.0 million) unfunded and a $10 million (€8.7 million) funded risk-sharing structure.
The partnership will bolster Emirates NBD Egypt's lending capabilities in local and foreign currencies and improve access to blended finance for SMEs and larger corporates. It will also enable eligible clients to benefit from tailored EBRD advisory services, while the EBRD will guarantee up to 65 percent of each sub-loan extended under this scheme.
Aligned with the EBRD's country strategy for Egypt, the facility supports transition to a greener, more competitive economy while emphasising private-sector growth, innovation, and governance enhancement. Special focus will be placed on supporting young entrepreneurs and businesses with strong export potential.
Emirates NBD Egypt, a subsidiary of Emirates NBD Group, is one of the country's leading banks holding €3.0 billion in assets as of December 2024. It operates over 60 branches across Egypt's 27 governorates and employs around 2,300 staff.
Egypt, a founding member of the EBRD, has received over €13.3 billion in investments across 202 projects since 2012. These have spanned infrastructure, agribusiness, manufacturing, and technical support for over 500 local SMEs.
This new initiative strengthens Egypt's financial ecosystem and marks a significant step forward in mobilizing resources for the country's private sector.
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