Loading grant details…
CDB provides $300 million loan to National Bank of Egypt for on-lending purposes
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | National Bank of Egypt (S.A.E.) |
| Country | Egypt |
| Start Date | Jan 01, 2022 |
| End Date | Jan 23, 2032 |
| Duration | 3,674 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 105192 |
Grant Description
CDB provides $300 million loan to National Bank of Egypt for on-lending purposes In 2022, China Development Bank (CDB) signed a $300 million loan agreement with the National Bank of Egypt (NBE) — a state-owned Egyptian bank — for on-lending purposes.
The loan disbursed in full in April 2023.
The borrower used the proceeds of the loan to on-lend in support of 49 projects involving small- and medium-sized enterprise (SME) development and infrastructure construction activities. $200 million was specifically earmarked for SMEs working in sectors including food processing, healthcare, education and services.
Staff Comments
1. The face value, commitment date, interest rate, grace period, and maturity of the loan identified in this record is consistent with the data that the Government of Egypt has voluntarily disclosed to the World Bank through the Debtor Reporting System (DRS). See https://www.dropbox.com/scl/fi/pa1pdi8bl6qsch0g9x1ms/December-2023-DRS-Extraction.xlsx?rlkey=l2za4278h4ecu5r8qjdpr4iog&dl=0.
Sources & References
- China Development Bank lends USD300mln to support Egypt's SMEs, infrastructure construction
- 中国国家开发银行实现对埃及国民银行3亿美元授信全额发放
- CDB issues $300m in credit to Egypt
- China Development Bank lends USD300mln to support Egypt's SMEs, infrastructure construction
- December 2023 DRS Extraction, 《人民日报》：中国与阿拉伯国家加强金融合作 Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
National Bank of Egypt (S.A.E.)
Interested in applying for this grant?
Complete our application form to express your interest and we'll guide you through the process.
Apply for This GrantQuick Summary
Related Grants
