Latest news with #GEFF
Jordan News
30-06-2025
- Business
- Jordan News
Housing Bank and EBRD Raise Awareness on Sustainable Investment Through Dialogue Session - Jordan News
Housing Bank, in collaboration with the European Bank for Reconstruction and Development (EBRD), held a specialized dialogue session with a group of large and medium-sized corporate clients to raise awareness on the importance of the green economy and the role of green financing in achieving it. The session also introduced attendees to the financial opportunities and products offered by Housing Bank to support investment in sustainable projects. اضافة اعلان The session is part of the strategic partnership between the two banks, which aims to support the transition to a more sustainable, efficient, and resilient economy. The initiative promotes investment in green projects and environmental sustainability efforts, including resource conservation, improved consumption efficiency, and reducing environmental impact. This dialogue is a step in the implementation of a $15 million financing agreement signed in 2023 under the Green Economy Financing Facility (GEFF) program managed by the EBRD, along with a $75 million agreement signed in 2025 to finance productive and sustainable projects outside the capital. The session covered key topics related to green finance and the green economy, including the increasing shift toward sustainable projects, the competitive advantages of investing in such ventures, and the exclusive benefits of the GEFF program. It also addressed eligibility criteria, application processes, and showcased successful green projects funded under the program. This initiative reflects Housing Bank's commitment to strengthening the banking sector's role in ensuring economic sustainability by adopting responsible financial practices aligned with global trends. It also highlights the bank's dedication to engaging with clients and empowering them with the knowledge needed to leverage its green financing solutions.
Jordan News
08-04-2025
- Business
- Jordan News
Housing Bank Signs $75 Million Credit Facility Agreement with EBRD to Support MSMEs in Jordan - Jordan News
Housing Bank Signs $75 Million Credit Facility Agreement with EBRD to Support MSMEs in Jordan •The agreement with the European Bank for Reconstruction and Development (EBRD) provides Housing Bank with a $75 million credit facility to support its lending to micro, small, and medium-sized enterprises (MSMEs) outside of Amman. اضافة اعلان •This partnership aligns with the Central Bank of Jordan's (CBJ) policies and initiatives aimed at promoting financial inclusion and improving access to finance. Housing Bank signed a $75 million credit financing agreement with the European Bank for Reconstruction and Development (EBRD) aimed at strengthening lending to micro, small, and medium-sized enterprises (MSMEs), particularly in underprivileged areas outside the capital, Amman. This agreement is expected to drive growth and sustainability for these businesses, contributing to economic diversification and stimulating local economies. The agreement was signed by Housing Bank CEO, Ammar Al-Safadi, and EBRD Vice President for Banking, Matteo Patrone, , at Housing Bank's headquarters, with officials from both institutions in attendance. This partnership marks the third collaboration between Housing Bank and EBRD, reflecting Housing Bank's continued efforts to promote financial inclusion in line with global trends and the Central Bank of Jordan's (CBJ) vision for sustainable economic growth, access to financing remains a key challenge to realizing this vision. This agreement aims to address this obstacle by providing vital financial support to these businesses. Commenting on the agreement, Ammar Al-Safadi said, 'Through this financing, we aim to expand our ability to offer flexible and competitive solutions that support entrepreneurs across Jordan. This will help them grow their businesses, enhance innovation, and improve their competitiveness.' Furthermore, Al-Safadi emphasized that this agreement is vital for Housing Bank, as it demonstrates a successful partnership between local and international financial institutions to foster a supportive business environment and stimulate investment. Additionally, the agreement will allow Housing Bank to expand its lending portfolio to MSMEs, enhancing its client base, improving the quality of its financing portfolio, and increasing liquidity—all of which reinforce its position as a leading financial institution in supporting development. Mr Patrone, said: 'We are very pleased to have signed this facility, which further deepens our partnership with HBTF, a leading financial institution in Jordan. This third engagement reflects our shared commitment to supporting MSMEs and driving economic growth. Together, we are creating more opportunities for businesses to thrive and contributing to a stronger and more resilient economy.' Notably, in 2023, EBRD provided a $15 million loan to Housing Bank, co-financed with the Green Climate Fund (GCF), under the Green Economy Financing Facility (GEFF) to support green investments in Jordan. In 2021, EBRD extended up to $50 million to boost export and import activities.
