Sme Support Project - Second Line of Credit to National Bank of Egypt (2nd LOC Nbe)

Project Summary

Approval Date 12 Oct 2005
Signature Date 21 Nov 2005
Planned Completion Date 30 Jun 2010
Last Disbursement Planned Date 30 Jun 2010
Sovereign / Non-Sovereign Sovereign
Sector Finance
DAC Sector Code 24030
Commitment U.A 146,162,503.47
Status Completion

Project General Description

The Second Line of Credit to National Bank of Egypt (2nd LOC Nbe), in the amount of US$150 million, is designed to provide long-term funding to NBE for on lending to viable industrial enterprises in the country. This second Line of Credit (LOC) seeks to build on the achievements of the first LOC and provide financial resources to NBE for the financing of viable investment projects in the industrial, tourism and services sectors of the Egyptian economy. By so doing, the project would assist in bridging the maturity gap between the demand for long-term loans, and the available deposits in the financial system to provide such loans. The loan would be provided to NBE in foreign currency (US$), with repayment in the same currency. The NBE could however, at its discretion, on-lend part of the LOC resources to eligible enterprises in local currency if it is satisfied that the resulting foreign exchange risk will be adequately mitigated.

Project Objectives

The objective of the LOC is to assist the development of the industrial and tourism sectors in Egypt by providing financial resources to NBE for on lending as medium and long-term loans to viable investment projects in these sectors, with focus on SMEs. By providing long-term foreign currency funding to NBE, the LOC will have the subsidiary objective of addressing one of the major constraints of the financial sector in Egypt, that of the lack of long-term investment capital.


The direct beneficiary of the Line of Credit is the National Bank of Egypt (NBE). Indirect beneficiaries are small and medium-sized enterprises.

Participating Organization

African Development Bank
Banque Nationale d'Egypte ( National Bank of Egypt- NBE)


IATI identifier 46002-P-EG-HAB-010
Last Update 15 May 2021


Contact Details

Name SEKIOUA Sofiane Hicham

Geographic Location

Country Egypt