PROJECT

Projects

Summary of Investment Information

Project Number

47699

Company Name

BANQUE DU CAIRE

Date SPI Disclosed

Mar 29, 2024

Country

Egypt, Arab Republic of

Region

Africa

Projected Board Date

Mar 29, 2024

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

May 17, 2024

Department

CF3NA - Regional Industry - FIG Africa/FIG North Africa

Industry

Financial Markets

Previous Events

Approved : Mar 29, 2024
Signed : Mar 31, 2024
Invested : May 14, 2024

Sector

Commercial Banking - General

Additional Project Attributes

Blended Finance

Project Description

The project consists of an investment package of up to US$100 million in the form of: (i) 5-year senior loan of up to US$50 million; and (ii) up to US$50 million uncommitted trade finance facility with tenors up to 12 months under the Global Trade Finance Program (“GTFP”) to Banque Du Caire (BdC or the Bank), a new partner bank for IFC in Egypt. The proceeds will be used to finance private-owned Micro, Small and Medium enterprises (MSMEs), including women-owned MSMEs (WMSMEs) (the loan).  The loan is expected to be supported by Global SME Facility (GSMEF) as described in the Blended Finance Section.                                                   

Associated Advisory Engagement

N/A                                                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation