Egypt, Dec. 18 -- The European Bank for Reconstruction and Development (EBRD) is extending a US$ 20 million (€18 million) financing package to ALEXBANK, part of the Intesa Sanpaolo Group - within the International Banks Division.The package includes a US$ 17 million (€14.9 million) loan under the Bank's Green Economy Financing Facility II (GEFF II), supported by the European Union (EU), of which US$ 3 million (€2.6 million) will be co-financed by the Green Climate Fund (GCF).ALEXBANK will lend this new finance on to local households and private micro, small and medium-sized enterprises (MSMEs) for investments in climate adaptation and mitigation technologies and services.The EBRD will also provide incentive grants to borro...