Egypt's first private sector green bond, it is set to help CIB increase lending to businesses willing to invest in eco-friendly initiatives and projects
Fawry has previously announced its desire to negotiate for the acquisition of the 48% company stakes held by shareholders
Named CIB Growth, CIB’s package includes credit facilities with flexible payment terms, dedicated customer service teams and a secure channel for online salary transfers
“The CIB’s green bonds issuance today, which is financed by the IFC, is a model of the private sector engagement in the recovery process in Egypt and the role it can play in this process," said Al-Mashat
The 10 largest banks operating in the local market’s total financial position in March 2021 climbed to 5.930 trillion in March 2021
