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FIF - NBK Egypt - Youth in Business

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Project description

FIF – Providing a senior unsecured loan of up to US$10 million to the National Bank of Kuwait (NBKE) under the Egyptian Youth in Business (“YiB”) programme. or, majority ownership is held by a person under the age of 35 (“Youth MSME”) as defined in the Policy Statement.

Purpose of the project

The project will increase the pool of funding available to Egyptian youth, helping this group of borrowers build their skill sets and develop their businesses, thereby fostering youth entrepreneurship and empowerment through an integrated approach. It is expected to promote young people’s participation in business.

Migration impact

ETI Score: 67

Inclusive: The project will increase the availability of funds for youth-led businesses to improve their skill sets, know-how and expand their business capabilities in the market.

Competitiveness: The project contributes to the sustainable expansion of the client’s youth-driven (or majority-owned) MSME loan portfolio. In addition, Loan will support his NBKE in developing and refining products, services and/or delivery mechanisms that meet the needs of young entrepreneurs.

Client information


The National Bank of Kuwait SAE is Egypt’s 13th largest bank and 10th largest private bank with assets of €4.2 billion as of the first half of 2022. As of March 2022, NBKE has market shares of 0.9%, 1.3%, and 0.9% for total assets, loans, and deposits, respectively. The bank is a subsidiary of the National Bank of Kuwait and is Kuwait’s largest bank with over 30% market share and 99% stake.

EBRD Financial Summary



Total project cost




YiB loans combine longer-term financing than those available in the market with a gender-based focus, as well as technical expertise specific to capacity building, to youth-led and/or majority-owned We offer packages to facilitate the fundraising of SMEs in Egypt.

Environmental and social summary

Classified FI (2019 ESP). Under previous exposures, NBK Egypt has demonstrated compliance with PR 2, 4 and 9. Clients should continue to apply the EBRD’s E&S risk management procedures for YiB loans, including updated exclusions and newly introduced referral lists derived from ESP 2019. NBKE’s E&S performance is monitored through a review of the bank’s annual environmental and social reports.

Technical cooperation and grant aid

This project will be accompanied by the following technical cooperation components: (1) NBKE capacity building to assist with product implementation, marketing, general awareness, training and pipeline development; (2) Corporate capacity development in the form of training and mentoring aimed at strengthening entrepreneurial skills and mindsets through the EBRD SME Advisory Programme. The technical cooperation will be funded by a grant from the EBRD Shareholders’ Special Fund (“SSF”). The loan will also be accompanied by first loss risk cover of up to 10% of the YiB sub-loan portfolio disbursed and will be paid to NBKE. The impact of COVID-19 has been delayed. Grant support is funded by the European Union and his SSF.

Company contact information

Karim Kamal

PSD last updated

August 7, 2022

About transitions

More information on the EBRD’s approach to measuring transition impact is available here.

business chance

Please contact our client companies for business opportunities and procurement.

For business opportunities with EBRD (not related to procurement), please contact:

Phone: +44 20 7338 7168

For national projects, see EBRD Procurement.

Phone: +44 20 7338 6794

General inquiries

Specific inquiries can be made using the EBRD contact form.

Environmental and Social Policy (ESP)

The ESP and associated performance requirements (PR) set out how the EBRD implements its commitment to promote “environmentally sound and sustainable development”. ESP and PR contain specific provisions for clients to comply with applicable national law requirements regarding public information and consultation, in particular to receive and resolve stakeholder concerns and complaints regarding the environment and the environment. A grievance mechanism should be established to facilitate Client and project social performance. Proportionate to the nature and scale of the project’s environmental and social risks and impacts, the EBRD will require its clients to disclose information on the risks and impacts arising from the project, as appropriate, or to engage with stakeholders in meaningful discussions. We further request that consultations be held and that they be taken into account and acted upon. feedback.

More information on EBRD practices in this regard can be found in the ESP.

Integrity and Compliance

The EBRD’s Office of the Chief Compliance Officer (OCCO) promotes good governance and ensures that the highest standards of integrity are applied to all the Bank’s activities in accordance with international best practices. Integrity due diligence is conducted on all of the bank’s customers to ensure that the project does not pose an unacceptable integrity or reputational risk to the bank. The Bank believes that identifying and resolving issues during the approval stage of project evaluation is the most effective means of ensuring the integrity of Bank transactions. OCCO plays an important role in these conservation efforts and also helps monitor integrity risks in post-investment projects.

OCCO is also responsible for investigating allegations of fraud, corruption and misconduct in EBRD-funded projects. Anyone inside or outside the bank who suspects fraud or corruption must submit a written report to the Chief Compliance Officer by email at All reported matters will be handled by OCCO for follow-up. All reports, including anonymous ones, are reviewed. Reports may be made in the language of the Bank or the country in which the Bank operates. Information provided must be made in good faith.

Access Information Policy (AIP)

The AIP sets out how to disclose information and consult with stakeholders to increase awareness and understanding of the EBRD’s strategy, policies and operations after the EBRD comes into effect on January 1, 2020. For more information, please visit our Access to Information Policy page. Information available from the EBRD website.

You can request specific information using the EBRD contact form.

Independent Project Accountability Mechanism (IPAM)

If efforts with clients or the Bank to address environmental, social or public disclosure concerns fail (e.g., through client project-level grievance mechanisms or direct engagement with Bank management), and organizations may seek to address concerns through the EBRD. Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews project issues that it believes have caused (or may cause) damage. The purpose of this mechanism is to: Supporting dialogue between project stakeholders to solve environmental, social and public issues. Determine whether the Bank is complying with project-specific provisions of environmental and social policies or access to information policies. Where applicable, we will address existing violations of these policies while preventing future violations by banks.

For more information on IPAM and its mandate, please visit the Independent Project Accountability Mechanisms webpage. How to submit a request for examination. Alternatively, please contact his IPAM at email for guidance and further information on IPAM and how to submit your request.