Overview

CDB provides $100 million loan to NBE to support SMEs

Commitments (Constant USD, 2023)$104,619,838

Commitment Year•2015Country of Activity•EgyptDirect Recipient Country of Incorporation•EgyptSector•Business And Other ServicesFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2015

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

China Development Bank (CDB)

Receiving agencies

State-owned Banks

National Bank of Egypt (S.A.E.)

Implementing agencies

State-owned Banks

National Bank of Egypt (S.A.E.)

Loan description

CDB provides $100 million loan to NBE to support SMEs

Interest type•Unknown

Narrative

Full Description

Project narrative

In 2015, China Development Bank (CDB) and the National Bank of Egypt (NBE) — a commercial bank that is wholly owned by the Government of Egypt — signed a $100 million loan agreement to support small and medium sized enterprises (SMEs) in Egypt. The borrowing terms of this loan are unknown. The loan reportedly entered implementation, but no additional details are available.

Staff comments

1. The Chinese project title is 供1亿美元贷款用以资助中小企业.