Thursday, August 14, 2014

Fwd: Jordan MSME Framework - Bank Al Etihad



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From: European Bank for Reconstruction and Development <EBRD@public.govdelivery.com>
Date: Thu, Aug 14, 2014 at 6:04 AM
Subject: Jordan MSME Framework - Bank Al Etihad
To: iammejtm@gmail.com


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14-08-2014 12:00 AM BST

The EBRD is considering a senior unsecured loan of US$20 million equivalent to be disbursed in JOD (approx. JOD 14 million) to support lending to local MSMEs. The Facility is expected to have two tranches of US$10 million equivalent each. Bank Al Etihad will be eligible to benefit from the loan guarantee scheme comprised of (i) a first loss cover provided by the EBRD and (ii) a second loss cover provided by the Jordan Loan Guarantee Corporation (JLGC), provided it meets the necessary portfolio criteria. Furthermore, BAE will be eligible to benefit from tailor made technical assistance.

 

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