Qatar National Bank (QNB) Alahli, an Egyptian member of the QNB Group, recently accepted a loan of USD 50 million from the multilateral European Bank for Reconstruction and Development (EBRD) to fund on-lending to individual borrowers as well as small and medium-sized enterprises (SMEs) performing “green, energy efficiency, water efficiency, renewable energy and resource efficiency projects.” The loan is part of
Search Results for: ebrd
MICROCAPITAL BRIEF: Microfinance Institution Kreditimi Rural i Kosoves (KRK) Borrows $2.3m from EBRD for Green Housing Loans
Kreditimi Rural i Kosoves (KRK), a microfinance firm in Kosovo, recently accepted an unsecured loan of up to EUR 2 million (USD 2.3 million) from the UK-based European Bank for Reconstruction and Development’s (EBRD’s) Western Balkans Green Economy Financing Facility II (WB GEFF II). KRK plans to on-lend the funds for
MICROCAPITAL BRIEF: EBRD, EU Lending $30m for MSMEs via ProCredit Bank Ukraine, Primarily for Green Technology
ProCredit Bank Ukraine recently agreed to borrow the approximate equivalent of USD 30 million from the UK-based European Bank for Reconstruction and Development (EBRD) and the EU. The funds, which are denominated in a mix of euros and Ukrainian hryvnia, are to be used for on-lending to micro-, small and medium-sized enterprises (MSMEs). The wholesale loan is part of the EU4Business-EBRD Credit Line,
MICROCAPITAL BRIEF: EBRD Loans $2.4m to ProCredit Bank Bosnia and Herzegovina for Energy Efficiency, Homeowners Eligible for EU Grants
The UK-based European Bank for Reconstruction and Development (EBRD) recently announced it is lending EUR 2 million (USD 2.37 million) to ProCredit Bank Bosnia and Herzegovina (PCB BiH) to on-lend for residential “investments in insulation, windows, heat pumps, solar panels and other improvements” that reduce energy usage. PCB BiH is a member of Germany’s ProCredit Holding, whose members provide
MICROCAPITAL BRIEF: EBRD Boosts Loan Ceiling of Quds Bank to Support Cross-border Trade, MSMEs in West Bank, Gaza
Recently, the UK-based European Bank for Reconstruction and Development (EBRD) agreed to increase the credit line it has open for Quds Bank, a commercial bank operating in the West Bank and Gaza, by USD 10 million. Half of the new increment is for Quds Bank to use for
MICROCAPITAL BRIEF: EBRD Commits Up to $45m to Uzpromstroybank of Uzbekistan for Expansion, Including Green Financing for SMEs
Via its Green Economy Financing Facility (GEFF), the UK-based European Bank for Reconstruction and Development (EBRD) recently committed up to USD 25 million to Uzbekistan-based Uzpromstroybank. Founded in 2019, GEFF delivers
MICROCAPITAL BRIEF: EBRD Lends $1.2m to Erste Group’s Sparkasse Leasing Doo Skopje to Support Small, Medium-sized Enterprises (SMEs) in North Macedonia
The UK-based European Bank for Reconstruction and Development (EBRD) recently lent Sparkasse Leasing Doo Skopje, a unit of Sparkasse Bank of Macedonia, EUR 1 million (USD 1.2 million) to fund equipment to be leased by small and medium-sized enterprises (SMEs) in North Macedonia. The leased equipment is meant to boost the SMEs’ usage of renewable energy and
MICROCAPITAL BRIEF: EBRD Lends OTP Bank Serbia $23m in Local Currency to Boost SME Funding
The UK-based European Bank for Reconstruction and Development (EBRD) recently agreed to loan Országos Takarék Pénztár (OTP) Bank Serbia, a member of the Hungary-based OTP Bank Group, RSD 2.3 billion (USD 23 million) to increase its “medium-term” funding for small and medium-sized enterprises (SMEs). OTP Serbia’s other products include savings; insurance; securities; and loans tailored for retirees, vehicle purchases, housing expenses, consumption and refinancing debt.
MICROCAPITAL BRIEF: EBRD Loans $4m to ProCredit Bank Skopje to Boost SMEs’ Quality Standards, Residential Energy Efficiency in North Macedonia
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution, recently provided two loans to ProCredit Bank Skopje, which operates in North Macedonia and is owned by Germany-based ProCredit Holding. One loan, in the amount of EUR 1 million (USD 1.2 million),
MICROCAPITAL BRIEF: EBRD Loans $6m to OTP Bank Albania to On-lend to SMEs, EU Offers Premiums for Hitting Goals
Országos Takarék Pénztár (OTP) Bank Albania, a member of the Hungary-based OTP Bank Group, recently borrowed EUR 5 million (USD 6.1 million) from the UK-based European Bank for Reconstruction and Development (EBRD) to support small and medium-sized enterprises (SMEs) in Albania in responding to the COVID-19 pandemic by upgrading
MICROCAPITAL BRIEF: Deposit Insurance Agency of Bosnia and Herzegovina Renews Credit Line from EBRD with 40% Lower Ceiling
The UK-based European Bank for Reconstruction and Development (EBRD) recently agreed to provide a “standby credit line” in the amount of EUR 30 million (USD 35.2 million) to Bosnia and Herzegovina’s Deposit Insurance Agency (DIA) to help it
MICROCAPITAL BRIEF: EBRD, IFC Lend Alternatif Bank $50m to Sustain SMEs in Turkey During COVID-19 Pandemic
The UK-based European Bank for Reconstruction and Development (EBRD) and the World Bank Group’s International Finance Corporation (IFC) each are lending USD 25 million to Alternatif Bank,
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) to Guarantee Lending to SMEs by Raiffeisen Bank Albania
The European Bank for Reconstruction and Development (EBRD), a UK-based development finance institution, recently partnered with Raiffeisen Bank Albania on a risk-sharing facility of EUR 50 million (USD 59.2 million). This will allow Raiffeisen Bank Albania to increase its
MICROCAPITAL BRIEF: EBRD Lends $47m to CaixaBank to Support SMEs in Morocco Amidst Coronavirus Pandemic
CaixaBank, a Spanish retail bank, recently accepted a loan of approximately MAD 430 million (USD 46.8 million) from the European Bank for Reconstruction and Development (EBRD), a UK-based development finance institution that has been investing in Morocco since 2012. CaixaBank is to use the funding to
MICROCAPITAL BRIEF: J.P. Morgan, EBRD Deliver Advisory, Training Services to MSMEs Led by Women in Turkey
US-based financial services firm J.P. Morgan recently agreed to co-fund the Turkish operations of the Women in Business Programme of the UK-based European Bank for Reconstruction and Development (ERBD). Women in Business, which expanded to Turkey in 2014, supports micro-, small and medium-sized enterprises (MSMEs) operated by women in 18 countries. In Turkey, the support from J.P. Morgan will fund:
MICROCAPITAL BRIEF: EBRD Loans $100m to NBK Egypt for Short-term Financing Amidst Pandemic, with “Focus” on SMEs
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution, recently loaned USD 100 million to the National Bank of Kuwait (NBK) Egypt, which provides Islamic and traditional financial services to consumers and corporations in Egypt. The loan will allow NBK Egypt to boost its short-term lending to businesses that are experiencing
MICROCAPITAL BRIEF: Garanti BBVA of Turkey Borrows $699m from EBRD, IFC, Commercial Banks with Elements for Renewable Energy, MSMEs, COVID-19 Relief
Garanti BBVA, a Turkish subsidiary of Spain’s Banco Bilbao Vizcaya Argentaria (BBVA), recently entered loan agreements with the UK-based European Bank for Reconstruction and Development (EBRD), the World Bank Group’s International Finance Corporation (IFC), and a syndicate of unidentified commercial banks. The sizes of the first two loans
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Lending $8.1m to Bank Lviv for SMEs in Ukraine
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral investor, recently agreed to provide a four-year loan in local currency equivalent to USD 8.1 million to Bank Lviv, a commercial bank in Ukraine, for on-lending to small and medium-sized enterprises (SMEs). Ashot Abrahamyan, the CEO of Bank Lviv, explains that his institution is