EBRD, the European Bank for Reconstruction and Development and the British International Investment (BII) are providing a $100 million subordinated loan to Banque du Caire to strengthen Banque du Caire’s Tier II capital. This will support the growth plans of Banque du Caire and optimise its capital structure.
Tier II funding will accelerate Banque du Caire’s ambitious growth plans, increasing its capital and guaranteeing the availability of much-needed funds to enhance Banque du Caire’s growth within various sectors of the market.
The EBRD, the EU and the Green Climate Fund (GCF) is providing $175.5 million under the Green Economy Financing Facility program (GEFF) in Egypt to support green programs and investments for the private sector. This fund will be given to local financial institutions to on-lend to the private sector for investments in climate change mitigation and adaptation projects, supporting decarbonisation and competitiveness of the Egyptian economy.
If you see something out of place or would like to contribute to this story, check out our Ethics and Policy section.
