Monday 24/November/2025 – 05:04 PM
The European Bank is preparing For reconstruction Development (EBRD) to pump about $250 million during the current and next months into four Egyptian government and private banks, with the aim of enhancing financing for small and medium enterprises and green projects, according to Hashem Abdel Hakim, Vice President of the Bank’s Egypt Office and Head of Corporate Sector Finance.
The European Union for Reconstruction and Development intends to pump $250 million into 4 Egyptian banks to support small and medium enterprises
According to Al Sharq Bloomberg, Abdel Hakim explained that the bank has already pumped about $250 million during the first nine months of this year through three banks: Banque Misr, Emirates NBD-Egypt, and Suez Canal Bank, as part of financing programs aimed at supporting the private sector.
He pointed out that the bank plans to direct 1.5 billion euros to Egypt during the year 2025, including financing for the private sector – whether companies or banking institutions – in addition to contributions to government development projects.
He added that the volume of financing allocated to Egyptian banks alone during the year 2025 is expected to reach about one billion dollars, including $500 million to finance small and medium green projects, and $500 million to finance foreign trade, especially the import of basic goods.
The European Bank for Reconstruction and Development pumped 1.54 billion euros into Egypt last year to finance 26 projects, bringing Egypt to the top of the list of countries receiving the most bank investments in the southern and eastern Mediterranean region during 2024.
Egypt is one of the founding members of the bank, and since the start of its operations in the country in 2012, it has pumped more than 13.5 billion euros into 207 projects in various sectors, according to bank data.
