50740 - Banque Misr SL

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Summary of Investment Information

Project Number

50740

Company Name

BANQUE MISR SAE

Date SPI Disclosed

Jan 21, 2026

Country

Egypt, Arab Republic of

Region

Africa

Projected Board Date

Aug 4, 2025

Environmental Category

FI-1 - Significant

Status

Active

Last Updated Date

Mar 21, 2026

Department

CF3NA - Regional Industry - FIG Africa/FIG North Africa

Industry

Financial Markets

Previous Events

Approved : Aug 4, 2025
Signed : Dec 18, 2025
Invested : Mar 18, 2026

Sector

Commercial Banking - General

Project Description

IFC's proposed investment in Banque Misr (BM or the Bank) consists of (i) an up to US$150 million 3-year investment in the form of a senior sustainability loan. This investment forms part of a broader IFC Board-approved investment envelope of up to US$220 million, with any additional amount subject to further considerations and approvals. The proceeds will be directed to support the Bank's lending activities to green and sustainable projects with 50% directed to climate assets, with 30% of that amount dedicated to funding the bank’s own green buildings. 50% to micro, small and medium enterprises (MSMEs) including a 20% carveout to women owned MSMEs (WMSMEs); and (ii) an uncommitted trade finance facility under IFC Global Trade Finance Program (GTFP) (the Project).

Associated Advisory Engagement

The Project is supported by IFC’s Egypt 30by30 Upstream program. The AS engagement will support Banque Misr in (i) reviewing potential transactions to support the Bank in allocating investment proceeds to eligible climate assets, (ii) portfolio monitoring and reporting, in line with IFC’s climate eligibility criteria; and (iii) using the IFC Climate Assessment for Financial Institution (CAFI) tool. This will support the Bank in confirming the eligibility and calculating climate impact, accelerating the use of the investment proceeds, and supporting BM’s green portfolio growth.

Sponsor / Cost / Location

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	220.0
Equity

IFC's loan to the financial institution described in this SII is targeted for on-lending to the following sector(s):

Product Type	Use of Proceeds
Straight Senior Loan	Loans to MSME (mix of Micro and SME)
Straight Senior Loan	Labeled: Green;Blue;Social-Loans/Bonds
Syndications	Loans to MSME (mix of Micro and SME)
Syndications	Labeled: Green;Blue;Social-Loans/Bonds

IFC's Definitions of Targeted Sectors can be found here.

Development Impact

IFC’s additionality through this Project is both financial and non-financial. Financial additionality is in the form of a financing structure, through the provision of a 3-year FCY loan .Non-financial additionality stems from a complementary advisory program (under IFC’s Egypt 30by30 Upstream program) which will strengthen the Bank’s climate finance capabilities and support climate portfolio growth.

E&S Category Rationale / Risks and Mitigation

The supported climate finance portfolio includes higher risk activities exposure to sectors such as energy, manufacturing, construction, and textiles. The trade line will support short-term trade finance activities. The trade finance activities supported by the Project will be required to meet the requirements of the IFC's Exclusion List and other exclusions deemed necessary.
The Project has been classified as Category FI-1 according to IFC's Sustainability Policy. The applicable E&S requirements for this Project are as follows: (i) for the applicable MSMEs portion of the loan, the IFC Exclusion List, applicable national E&S laws and screening out of higher E&S risk transactions; and (ii) applicable for the eligible climate transaction, the IFC Exclusion List, applicable national E&S laws and the IFC Performance Standards applicable to Higher E&S risk transactions. For the MSMEs portion of the loan, the requirements will be applicable to the asset class of eligible projects. The Project will not support activities on the IFC Exclusion List, Category A activities, any offshore wind project and coal-related sub-projects. The MSME portion of the loan will not support Higher E&S Risk transaction that may include: (i) involuntary resettlement; (ii) risk of adverse impacts on indigenous peoples; (iii) significant risks to the environment, community, health and safety, biodiversity or cultural heritage; (iv) retrenchment; or (v) significant occupational health and safety risks (e.g., risk of serious injury or fatality to workers).
In addition, Banque Misr will be required to meet Life & Fire safety requirements and the requirements of IFC's Performance Standard 2 on Labor and Working conditions. The Project's key E&S risks derive from the Bank's capacity to identify and manage potential environmental and social risks associated with its lending activities. The key E&S risks are typically related to occupational health and safety and labor and working conditions, waste and wastewater management, pollution prevention among others. The Bank has a dedicated HR team and established HR policies and manuals generally in line with IFC's labor standards under PS2: Labor and Working Conditions.

The Environmental and Social (E&S) Management System (ESMS) of the Bank was approved by the board of directors on December 17th, 2023 and forms an integral component of Banque Misr’s Enterprise Risk Management framework and broader Sustainability and Sustainable Finance framework. The key elements of the ESMS include: (i) ESMS development standards, (ii) the operational methodology (screening, categorization, E&S due diligence, monitoring, recording and reporting), (iii) ESMS training and budget and (iv) E&S risk management roles and responsibilities. The document also includes a set of tools and templates for E&S risk assessment and monitoring. The ESG Risk unit under the Risk management department periodically organizes E&S risk management training to the internal stakeholders in order to ensure continuous raising awareness and capacity building of the relevant partners. For this project the Bank is required to: (i) enhance and implement its ESMS to make it commensurate to the risk of the MSME asset class and eligible corporate climate-smart projects, include a solar supply chain screening approach (as per IFC requirements) and to include a screening mechanism for higher E&S risk transactions and IFC Performance Standards due diligence requirements in the case of climate eligible projects) when applicable and (ii) enhance the E&S capacity through support from external consultancy firms as needed for the E&S risk management and monitoring of Higher E&S Risk Activities.
The Bank maintains a dedicated Human Resources function supported by established HR policies and procedures aligned with applicable national labor laws and generally consistent with IFC Performance Standard 2 on Labor and Working Conditions. Under the Project, the Bank will continue to enhance its HR framework and internal processes in line with international good practice, as required.
The Project includes a time-bound Environmental and Social Action Plan (ESAP) agreed between IFC and the Bank, focusing on continued strengthening of the ESMS, , and reporting arrangements. The ESAP will be implemented in parallel with Project execution in line with agreed timelines.

S.no	Title	Anticipated Completion Date
1	Enhance the ESMS	03/15/2026
2	Share ESMS Implementation report	09/11/2026

Contacts

For Inquiries About the Project, Contact

Banque Misr SAE
Mohamed Zakaria Mahmoud Ismail
Assistant General Manager
+2 02 2397 7150
mohamedzi@banquemisr.com
149 Mohamed Farid St. Downtown, Cairo
www.banquemisr.com

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IFC supports its clients in addressing environmental and social issues arising from their business activities by requiring its real sector clients to set up and administer appropriate grievance mechanisms and/or procedures to address complaints from Affected Communities in relation to environmental and social issues arising from IFC's clients' business activities. Since 2012, IFC's Financial Intermediary clients applying the Performance Standards are required to develop External Communications Mechanisms to receive and review inquiries or complaints from any interested party regarding the E&S risks and impacts of their operations.

For IFC projects that are active or under consideration, individual(s), or their authorized representative(s), who allege they have been or will be adversely affected by E&S risks or impacts arising from IFC's clients' business activities, may submit a complaint to IFC directly for consideration. When receiving an E&S complaint, IFC engages with complainants and works with its clients to find solutions to E&S concerns as quickly and efficiently as possible.

Complaints can be submitted to IFC online at www.ifc.org/escomplaints or by email to EScomplaints@ifc.org.

IFC complaint response is separate from and complementary to IFC’s clients’ project level grievance mechanisms and IFC’s Independent Accountability Mechanism (CAO). Lodging a complaint directly with IFC does not, at any time, restrict access to CAO.

Affected communities have unrestricted access to the Compliance Advisor Ombudsman (CAO), the independent accountability mechanism for IFC and MIGA. CAO facilitates the resolution of complaints related to IFC and MIGA projects and sub-projects, undertakes reviews of IFC’s and MIGA’s environmental and social compliance, fosters public accountability for their commitments, and enhances the environmental and social performance of IFC and MIGA.

Independent of IFC and MIGA management and reporting directly to the IFC and MIGA Boards of Executive Directors, CAO helps resolve issues raised about the environmental and social impacts of projects through a neutral, collaborative, problem-solving approach via its Dispute Resolution function. It also reviews IFC’s and MIGA’s compliance with environmental and social policies, assesses related harm, and recommends remedial actions through its Compliance function. Additionally, CAO provides advice to IFC, MIGA, and their Boards to enhance environmental and social sustainability performance and minimize the risk of harm.

Complaints may relate to environmental and social harm regarding any aspect of the planning, implementation, or impact of a project or sub-project, and can be made by any individual, group, community, entity, or other party affected or likely to be affected by the environmental or social impacts of an IFC- or MIGA-financed business activity.

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CAO receives and addresses complaints in accordance with the CAO Policy, which can be accessed at: https://www.cao-ombudsman.org/policies-guidelines.

This Summary of Investment Information (SII) is prepared by IFC to disclose a factual summary of the main elements of the potential investment. It also includes findings and recommendations related to environmental and social considerations regarding this potential investment. The purpose of the SII is to enhance the transparency of IFC’s activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the project sponsor. IFC considers that this SII is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. It is distributed in advance of IFC Board of Directors’ consideration and may be periodically updated thereafter. Board dates are estimates only and this document should not be construed as presuming the outcome of the Board Directors’ decision. The following SII is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.

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