Banque Misr secures USD 100 mn from the EBRD: The European Bank for Reconstruction and Development (EBRD) and state-owned Banque Misr signed a USD 100 mn sustainability-linked loan agreement — the first of its kind to be extended by the EBRD to a financial institution in the region — according to an EBRD statement. The facility aims to support Banque Misr’s sustainability strategy while promoting financial inclusion and green lending in Egypt’s private sector.

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Where is the money going? The loan will support on-lending to micro, small, and medium-sized enterprises that are led or owned by women, provide affordable housing finance to low-income individuals, and expand Banque Misr’s green lending portfolio. The financing is also aimed at helping the bank meet its sustainability targets and close funding gaps for underserved market segments.

What they said: “This signing also reflects the strong partnership EBRD and Banque Misr have built over the years and sends a clear signal: sustainability and commercial performance can go hand in hand. We’re pleased to support Banque Misr as it grows its green lending and expands access to finance for segments that are too often underserved,” Managing Director and Head of Financial Institutions Business Group at EBRD Francis Malige said.

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