Masress : France's AFD, NBE sign €100 million credit facility agreement

Egypt, ILO launch economic empowerment program to secure sustainable jobs for youth, women 'We can't wait:' Biden to push US Congress for $1.9 trillion in COVID-19 relief De Jong leads Barcelona to win over Elche in Spanish league 2 in 5 Americans live where COVID-19 strains hospital ICUs Ora Developers Egypt signs EGP 2.54 billion loan agreement Defense chief orders review of military sex assault programs Nigeria's number one lender, Access Bank, is looking at Egypt British supermodel Naomi Campbell visits Egypt Personal loans dominate 77.5 % of NBE's retail banking portfolio Egyptian pop music producer Mido Mounib dies at 41 Egypt will inoculate medical staff with COVID-19 vaccination this week Egypt's Sisi ratifies extension of state of emergency for three months New daily Coronavirus cases continued to fall over the weekend South African mourns death of jazz 'giant' Jonas Gwangwa Klopp says Burnley shock can spark Liverpool turnaround Manchester City's Guardiola says Foden must not look to emulate De Bruyne Eight cabinet ministers to deliver statements before Egypt's parliament this week China rescues nine miners after 14 days trapped underground: CCTV 3,000 arrested at protests demanding Navalny's release Sudan reiterates concerns over planned 2nd GERD filling without binding deal IMF urges deficit control in Tunisia even as protesters demand jobs Egypt's Sisi to inaugurate fish farming project in Port Said Saturday Egypt reports 748 new coronavirus cases, 52 deaths on Friday Donald Trump says goodbye to the White House BREAKING: Egypt resumes diplomatic relations with Qatar ending 4-year boycott Egypt reports 899 new coronavirus cases, 58 deaths on Tuesday Egypt sends medical supplies to help Jordan battle coronavirus Egypt eyes gradual return for tourism after revenues fall to $4 bln in 2020 Seasoned Egyptian screenwriter Wahid Hamed dies at 76 Coronavirus strikes Egypt's youth team as 17 players, coach test positive Nassef Sawiris plans to up his stake in owner of New York Knicks, Rangers Cairo International Book Fair suspended for five months over coronavirus concerns Egypt unveils largest archaeological discovery in 2020 with over 100 intact sarcophagi Trump says won't blame Egypt for being ‘upset' over GERD dispute with Ethiopia Egypt, Ethiopia, Sudan to resume Nile dam talks today Global Finance: Egypt's Tarek Amer among the world's top 20 central bank governors The Facebook Preacher's Search for Fame, and Egypt's Economy Egypt calls on UNSC to address oil spill risks off Yemen coast Egypt economically strong in face of COVID-19, reforms ongoing: International Cooperation Minister Arafa Holding reports $144,000 COVID-19-related losses in April Egypt's efforts in Libya to activate free will of Libyan people: Al-Sisi Hyksos campaigns were internal takeover, not foreign invaders: study COVID-19 affects Egypt sporting clubs COVID-19 will soon turn to seasonal like swine flu: Presidential Health Advisor ‘Egypt's Support' coalition convenes to discuss its Senate election list Robbery attempt leads to discovery of Ptolemaic monuments in Qena Flouting international guidance, Ethiopia unilaterally starts filling its Nile dam Zaha speaks out after online racial abuse

Thank you for reporting!

This image will be automatically disabled when it gets reported by several people.

Letter of intent for €80m signed by CIB, French Development Agency Group
CIB and AFD aim to finance and promote climate and environment benefiting private investments.

NBE, EBRD sign 3 loan deals on SMEs

Egyptian banks find their way towards green banking as path to sustainable development
The FEB founded sustainable development committee in 2014 to implement the vision, while adhering to the best international practices in this regard

EBRD provides Egypt's national bank with $200 mln for SME loans

France's AFD, NBE sign €100 million credit facility agreement

Amwal Al Ghad Published in Amwal Al Ghad on 28 - 11 - 2020

The National Bank of Egypt (NBE) and the French Development Agency (AFD) have signed a credit facility agreement worth €100 million ($119.6 million) to finance climate conservation and sustainable development-related projects in Egypt.
Hisham Okasha, NBE chairman, said that the credit facility is part of the partnership between the bank and AFD which has been established since 2010, according to a statement issued on Thursday.
Okasha added that the agreement is in line with the global programme aiming to drive the transition to a climate-friendly financial system.
Meanwhile, a total of 60 percent of the credit facility will be dedicated to projects seeking to mitigate the effects of climate change, while the remaining 40 percent will focus on climate change adaptation projects.
As part of the transition to a climate-friendly financial system programme, the AFD will provide the National Bank of Egypt with € 1.5 million technical assistance grant to support sustainable development.

Clic here to read the story from its source.