{"id":548419,"date":"2022-08-08T03:45:35","date_gmt":"2022-08-08T03:45:35","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/08\/another-usd-10-mn-in-ebrd-funding-could-be-heading-nbk-egypts-way\/"},"modified":"2022-08-08T03:45:35","modified_gmt":"2022-08-08T03:45:35","slug":"another-usd-10-mn-in-ebrd-funding-could-be-heading-nbk-egypts-way","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/08\/another-usd-10-mn-in-ebrd-funding-could-be-heading-nbk-egypts-way\/","title":{"rendered":"Another USD 10 mn in EBRD funding could be heading NBK Egypt\u2019s way"},"content":{"rendered":"

<\/a> More love from EBRD to NBK?<\/strong> The National Bank of Kuwait Egypt (NBK Egypt) could get another USD 10 mn senior unsecured loan from the European Bank of Reconstruction and Development (EBRD) for on-lending to youth-led MSMEs, according to the lender\u2019s website<\/a>.<\/p>\n

What\u2019s a senior loan?<\/strong> A senior bank loan is money lent to a business by a financial institution which is then repackaged and sold to other investors.<\/p>\n

NBK Egypt is now in line for USD 50 mn in funding:<\/strong> The EBRD said last week<\/a> that it is considering providing a USD 40 mn loan to the bank for on-lending to MSMEs.<\/p>\n

This one\u2019s for <\/strong>the youts<\/a><\/strong>:<\/strong> \u201cThe project will increase the availability of finance for youth-led businesses to improve their skill-sets, know-how and expand their business capabilities in the market,\u201d the website reads. \u201cThe loan will support NBK in the development and refinement of products, services and\/or delivery mechanisms that cater to the needs of young entrepreneurs.\u201d<\/p>\n

What\u2019s next<\/strong>: EBRD could approve both loans on 7 September.<\/p>\n

ALSO IN DEVELOPMENT FINANCE-<\/strong><\/p>\n

The EU is providing Egypt with a EUR 4 mn grant<\/strong> for the third phase of the EUR 145 mn Egyptian Pollution Abatement Program<\/a>. (Statement<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"

More love from EBRD to NBK? The National Bank of Kuwait Egypt (NBK Egypt) could get another USD 10 mn senior unsecured loan from the European Bank of Reconstruction and Development (EBRD) for on-lending to youth-led MSMEs, according to the lender\u2019s website. What\u2019s a senior loan? A senior bank loan is money lent to a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7576],"tags":[101,72,7192,806,287],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-548419","post","type-post","status-publish","format-standard","hentry","category-development-finance","tag-development-finance","tag-enterpriseam","tag-eu","tag-nbk-egypt","tag-smes","wpautop","entry"],"acf":{"mongo_id":"f72e3824-8a94-4fb2-9e66-c2452ce31cad","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[548406],"teaser":"","voice_url":""},"yoast_head":"\nAnother USD 10 mn in EBRD funding could be heading NBK Egypt\u2019s way - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/08\/another-usd-10-mn-in-ebrd-funding-could-be-heading-nbk-egypts-way\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Another USD 10 mn in EBRD funding could be heading NBK Egypt\u2019s way\" \/>\n<meta property=\"og:description\" content=\"More love from EBRD to NBK? The National Bank of Kuwait Egypt (NBK Egypt) could get another USD 10 mn senior unsecured loan from the European Bank of Reconstruction and Development (EBRD) for on-lending to youth-led MSMEs, according to the lender\u2019s website. What\u2019s a senior loan? 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The funds will be lent on to Egyptian SMEs and individual households to\u2026","rel":"","context":"In "Green economy"","block_context":{"text":"Green economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/green-economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/143.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":572231,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/16\/ebrd-to-provide-nbe-usd-100-mn-to-support-smes-impacted-by-covid-19\/","url_meta":{"origin":548419,"position":2},"title":"EBRD to provide NBE USD 100 mn to support SMEs impacted by covid-19","author":"enterpriseam admin","date":"16 June 2020","format":false,"excerpt":"EBRD to provide NBE with USD 100 mn for on-lending to SMEs impacted by covid-19: The European Bank for Reconstruction and Development (EBRD) has agreed to provide the National Bank of Egypt (NBE) USD 100 mn for on-lending to SMEs hurt by covid-19, NBE Deputy Chairman Yehia Aboul Fotouh tells\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":576868,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/01\/qnb-al-ahli-could-be-getting-usd-20-mn-in-ebrd-funding-to-lend-to-youth-led-smes\/","url_meta":{"origin":548419,"position":3},"title":"QNB Al Ahli could be getting USD 20 mn in EBRD funding to lend to youth-led SMEs","author":"enterpriseam admin","date":"1 November 2022","format":false,"excerpt":"EBRD money for youth-led SMEs: Qatar National Bank Al Ahli (QNB Al Ahli) could be getting a senior unsecured loan of up to USD 20 mn from the European Reconstruction and Development Bank (EBRD) for on-lending to youth-led MSMEs, according to the lender\u2019s website. What\u2019s a senior loan, you ask?\u2026","rel":"","context":"In "Development finance"","block_context":{"text":"Development finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/development-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/40.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":575042,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/30\/govt-requests-another-eur-250-mn-from-ebrd-for-abu-qir-metro-project\/","url_meta":{"origin":548419,"position":4},"title":"Gov\u2019t requests another EUR 250 mn from EBRD for Abu Qir metro project","author":"enterpriseam admin","date":"30 September 2020","format":false,"excerpt":"DEBT WATCH- More EBRD funds in the pipeline for Abu Qir metro conversion project? 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