EBRD to expand green and inclusive finance in Jordan
Jordan, July 9 -- The European Bank for Reconstruction and Development (EBRD) is supporting green and inclusive finance in Jordan with a subordinated loan of up to US$ 25 million to Bank al Etihad (BAE), one of the country's leading commercial banks.The loan will strengthen BAE's Tier 2 capital base in line with Basel III requirements, enabling it to expand its lending activities and supporting its growth strategy.The financing will be on-lent to eligible climate-resilient and inclusive projects across Jordan, with at least 60 per cent allocated to green investments and 40 per cent dedicated to micro, small and medium-sized enterprises (MSMEs), including those led by women and youth, as well as businesses in underserved regions.The financin...
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