The European Bank for Reconstruction and Development (EBRD) has extended a US$30 million (€27.3 million) subordinated loan to Jordan's Bank al Etihad to support its sustainable finance portfolio and expand lending to micro, small and medium-sized enterprises (MSMEs). The Basel III-compliant loan will allocate 60 per cent of funds to green finance, including investments in renewable energy and industrial energy efficiency, while the remaining 40 per cent will target social assets, such as support for women- and youth-led MSMEs and businesses in underserved regions. This is the third EBRD facility provided to Bank al Etihad, which became the first Jordanian bank to adopt the EBRD's Paris alignment methodology in 2022. The funding will also bolster the bank's capital base and contribute to Jordan's climate commitments under the Paris Agreement. Bank al Etihad was the first bank in Jordan to join the EBRD's Green Economy Financing Facility, reinforcing its leadership in sustainable finance. The partnership is aimed at improving access to finance and strengthening the resilience of Jordan's banking sector. Attribution: Amwal Al Ghad English Subediting: M. S. Salama
