Expanding green economy financing in Egypt

ILX participated with a secondary B-loan participation in an unsecured A-loan from EBRD to one of the largest banks in Egypt. The bank is a full-service commercial bank, targeting the unbanked and capable of reaching the country’s underserved population, including communities in remote areas. The bank also directs a significant share of its SME lending to Upper Egypt to support regional competitiveness.

The facility supports the bank in expanding its financing for the green economy, enabling on-lending to SMEs investing in eligible climate mitigation and adaptation sub-projects. Through this investment, the bank commits to energy-saving and GHG emission reduction targets by the end of 2025. At the same time, the bank commits to implementing TCFD recommendations by the end of 2026.