CDB provides $100 million loan to NBE to support SMEs

$100M USD

Funder	China Development Bank (CDB)
Recipient Organization	National Bank of Egypt (S.A.E.)
Country	Egypt
Start Date	Jan 01, 2015
End Date	May 30, 2029
Duration	5,263 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`85244`

Grant Description

CDB provides $100 million loan to NBE to support SMEs 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.

📋 Loan / Grant Terms

💰 Loan Amountare 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.

📚 Sources & References

Egyptian
Chinese banks sign $700m deal for funding infrastructure projects - Almaghrib Today
埃及将与中国签署一系列协定, تفاصيل الاخبار
埃及总统塞西：欢迎中国到埃及投资_新闻中心_新浪网
Chinese Loans to Africa Database
China's Overseas Development Finance 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.