EBank gets USD 25 mn from EBRD for on-lending to SMEs + women-led businesses: The Export Development Bank of Egypt (EBank) is receiving USD 25 mn financing package from the European Bank for Reconstruction and Development (EBRD) for on-lending to SMEs, the European lender said Thursday. The package includes an “uncommitted multi-currency trade and facilitation program limit of up to USD 10 mn,” which will be geared towards trade finance, including pre-export and post-import financing and funding to distribute imported goods. EBank is also receiving two senior unsecured loans worth a combined total of up to USD 15 mn, including USD 5 mn as part of the EBRD’s Women in Business Program, for the bank to on-lend to women-led SMEs in the country. The remaining USD 10 mn loan is earmarked for on-lending to SMEs with “limited access to finance.”

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