NBK - Egypt

The Project involves a senior loan of up to US$50 million supported by a line under the Global Trade Finance Program (“GTFP”) to National Bank of Kuwait Egypt (“NBKE” or the “Bank”) to target medium enterprises and Sustainable Energy Finance (“SEF”). NBKE is among the top 10 private sector commercial banks operating in Egypt with total assets of US$4.4 billion as of June 2015. The Bank has been established in 1980 and is listed on the Egyptian Stock Exchange (“EGX”) since September 1994. NBKE provides conventional and Islamic commercial banking services including corporate finance and investment advisory on mergers and acquisitions, initial public offering and underwriting; conventional and Islamic asset management services including fund, wealth and portfolio management.