EFG Holding, a financial institution with a universal bank in Egypt and the leading investment bank in the Middle East and North Africa (MENA), announced today that it has secured a USD 40 million, four-year term loan from the European Bank for Reconstruction and Development (EBRD). The facility will support the expansion of micro, small, and medium-sized enterprise (MSME) financing. The initiative is designed to help businesses invest, scale, create jobs, and contribute to more inclusive and sustainable economic growth across Egypt.

EFG Holding has maintained a longstanding relationship with EBRD, which has previously extended facilities to several of the Group's subsidiaries, including Bank NXT, Tanmeyah and Valu. This transaction, however, marks a significant milestone as the first facility extended directly to EFG Holding at the holding-company level and, accordingly, represents the first direct financing partnership between EBRD and EFG Holding.

Mohamed AbdelKhabir, Group Chief Finance and Operations Officer of EFG Holding, said: "This facility represents an important step in expanding EFG Holding's role in supporting Egypt's MSME sector. Building on our longstanding relationship with EBRD, which has supported several of our subsidiaries over the years, this transaction opens a new chapter in our partnership as the first facility extended directly to EFG Holding. The four-year tenor provides stable, medium-term funding to support the disciplined growth of our MSME portfolio, enabling our eligible NBFI subsidiaries to expand their activities across different customer segments and geographies."

Hesham Elbosaty, Group Treasurer at EFG Holding, commented: "This transaction is a valuable addition to EFG Holding's funding base and supports our strategy to diversify our sources of capital. EBRD's decision to extend successive facilities across the Group, and now to the holding company itself, is a testament to the trust it places in EFG Holding and a strong signal of the Group's financial strength and institutional credibility."

Francis Malige, EBRD Managing Director for Financial Institutions, said: “Expanding economic opportunities for MSMEs is central to Egypt’s long-term economic growth. Through this transaction, we are deepening our partnership with EFG Holding to ensure more local private businesses, especially those outside major cities, gain the resources they need to invest, innovate and ultimately contribute to a more resilient economy.” 

The agreement was signed on the sidelines of EFG Hermes' 12th Annual London Investor Conference. The conference brings together global institutional investors, listed companies, and capital-market participants to discuss emerging opportunities across the MENA region.

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About EFG Holding: 

EFG Holding (EGX: HRHO.CA – LSE: EFGD) is a financial institution that boasts a legacy of more than 40 years of success in six countries spanning two continents. Operating within three distinct verticals, the Investment Bank (EFG Hermes), Non-Bank Financial Institutions (NBFI) (EFG Finance), and Commercial Bank (Bank NXT) - the company provides a comprehensive range of groundbreaking financial products and services tailored to meet the needs of a diverse clientele, including individual clients and businesses of all sizes. 

EFG Hermes, the leading investment bank in the Middle East and North Africa (MENA), offers extensive financial services, encompassing advisory, asset management, securities brokerage, research, and private equity. In its domestic market, EFG Holding serves as a universal bank, with EFG Finance emerging as the fastest-growing NBFI platform, comprising Tanmeyah, a provider of innovative and integrated financial solutions for micro and small business owners and entrepreneurs; EFG Corp-Solutions, which provides leasing and factoring services; Valu, a universal financial technology powerhouse; Bedaya for mortgage finance, Kaf for insurance, and EFG Finance SMEs, which provides financial services for small and medium enterprises. Furthermore, the company delivers commercial banking solutions through Bank NXT, an integrated provider of retail and corporate banking products in Egypt. 

Proudly present in: Egypt | United Arab Emirates | Saudi Arabia | Kuwait | Bahrain | Jordan

Learn more about us at www.efgholding.com 

For further information, please contact: 

May El Gammal 
Group Chief Marketing & Communications Officer of EFG Holding 
melgammal@efgholding.com

Omar Salama 
Head of Communications of EFG Holding 
osalama@efgholding.com

The EFG Holding Public Relations Team 
PublicRelations@efgholding.com

Note on Forward-Looking Statements:
In this press release, EFG Holding may make forward-looking statements, including, for example, statements about management’s expectations, strategic objectives, growth opportunities, and business prospects. These forward-looking statements are not historical facts but instead represent only EFG Holding’s belief regarding future events, many of which, by their nature, are inherently uncertain and are beyond management’s control and include, among others, financial market volatility; actions and initiatives taken by current and potential competitors; general economic conditions and the effect of current, pending, and future legislation, regulations and regulatory actions. Accordingly, the readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made.