EBRD Approves $20M for ALEXBANK Green Loans in Egypt

The European Bank for Reconstruction and Development (EBRD) has approved a US$20 million financing package for ALEXBANK to expand access to climate-focused loans for households and micro, small, and medium-sized enterprises (MSMEs) in Egypt.

The package includes a US$17 million loan under the EBRD’s Green Economy Financing Facility II (GEFF II), supported by the European Union, with US$3 million co-financed by the Green Climate Fund. Funds will be on-lent by ALEXBANK to support climate mitigation and adaptation investments, with incentive grants offered to borrowers who implement verified green solutions.

The financing will be complemented by a comprehensive technical cooperation programme funded by the European Union. This support will help ALEXBANK strengthen its internal capacity through training and advisory services, while also assisting with the effective implementation of eligible projects. The training initiatives are designed to promote equal access to climate finance and green technologies for both women and men.

Mark Davis, EBRD Managing Director for the Southern and Eastern Mediterranean, said the initiative reflects the Bank’s commitment to Egypt’s green transition, while ALEXBANK CEO Paolo Vivona described the collaboration as an important milestone in the bank’s efforts to support sustainable development in Egypt.

He further said that the partnership enables households and small businesses to invest in climate adaptation and mitigation solutions, contributing to a more sustainable economy in line with the broader strategy of the Intesa Sanpaolo Group.