EBRD provides first risk-sharing facility to Emirates NBD Egypt
Egypt, June 25 -- The European Bank for Reconstruction and Development (EBRD) signed a US$ 25 million (€21.7 million) risk-sharing facility with Emirates NBD Egypt to facilitate Egyptian firms' access to finance.Emirates NBD Egypt is the first bank in Egypt to join the facility with the EBRD, with that instrument consisting of a US$ 15 million (€13.0 million) unfunded risk-sharing facility and an additional US$ 10 million (€8.7 million) funded risk-sharing facility.The facility will support Emirates NBD Egypt's growth strategy and improve access to blended finance for local private companies. This structure will support the bank's capacity to extend long-term financing to corporate clients in both foreign and local currenc...
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