- Energy efficiency projects that reduce the absolute consumption by at least 15%
- Certified green buildings. (LEED, BREEAM or EDGE).This includes a 2.8% grant element
- Renewable energy projects, such as solar, wind, geothermal, biomass, biogas, and waste-to-energy.
- Energy efficient products, such as vehicles, clean transportation, appliances, and lighting fixtures Energy Management Systems (EnMS) that prove the compliance with ISO 50001 or equivalent certification
- Water management that decrease in water utilization from the baseline by 10%
CIB is a proud supporter and dedicated believer in sustainable finance, and it is constantly seeking innovative sustainable solutions to battle climate change. CIB is launching a new promotional campaign to highlight the Bank’s ESG product portfolio, which aims to include small, medium, and large environmentally-friendly businesses and projects. The currently available ESG products are as follows:
CIB Green Bond Program
In cooperation with the International Finance Cooperation, CIB has opened subscription for the first green bond to be issued in the local market with a value of USD 100 million. CIB finances assets, projects, and expenditures that support the transition to a low carbon economy and have a positive impact on the environment and climate as defined below.
CIB’s Green Finance Facility
- Save today, use tomorrow: Less use of resources, meaning cheaper cost of doing business and higher generated revenue
- Subsidized interest rates
- Preferential loan terms and conditions
- Free technical assistance for your project
- Marketing and communication support to help with brand positioning
For more information on Green Bond Program and Green Finance Facility, please e-mail us at sustainable.finance@cibeg.com
The subsidized Egyptian Pollution Abatement Program (EPAPIII)
Loan details:
- Loan amount: Up to 90% of the eligible investment cost
- Grant element: 10-25% of eligible investment cost
- Grace period: Up to 2 years
- Loan tenor: Up to 8 years including grace period
- Targeting large corporate and SME industries
- With a ceiling of EUR 15 million or its equivalent
The Environmental Compliance Office Project – ECO finance program
Loan details:
- Loan amount: Up to 90% of the eligible investment cost with a ceiling of EGP 7 million
- Grace period: Up to 12 months
- Loan tenor: Up to 5 years, including grace period
- Preferential pricing: Lowest interest rate
- Targeting industrial sectors
Agricultural Products
Benefits for Borrowers
For approved projects, and depending on project viability, borrowers can benefit from increased energy performance, reduced environmental impact, and technical support in technology selection and project assessment.
Target sectors include the following fields:
- Land reclamation, irrigation improvements, and drainage systems
- Agricultural machinery and water distribution systems
- Agriculture input supply
- Medicinal herbs, aromatic plants, and honey production
- Livestock and poultry
- Pre- and postharvest activities
- Marketing agricultural related activities
- Collection centers and agricultural packaging facilities
- Dairy processing units: Milk chillers and refrigerated trucks
- Tomato processing and dehydrating units
- In-land fishery and horticulture
- Renewable energy
For more information on EPAP, ECO and Agriculture Products, please e-mail us at development.finance@cibeg.com
Terms and conditions apply.