Cairo Amman Bank: Gets $10M Loan to Boost Climate Investments in Jordan | Market Screener

Cairo Amman Bank received a $10 million loan to facilitate climate investment in Jordan and provide financing to SMEs that invest in technologies that help mitigate and adapt to the impacts of climate change. I was.

The loan, totaling $10 million, including $7.5 million from the European Bank for Reconstruction and Development (EBRD) and $2.5 million from the Green Climate Fund, marks the first financing acquired by Cairo Amman Bank within the framework of a regional green economy. Institution. Funding Program – Jordan’s Green Climate Fund.

The financing agreement was signed by EBRD First Vice President and Head of Customer Service Group Jurgen Rigterink and Cairo Amman Bank CEO Kamal Al Bakri.

With this, Cairo Amman Bank launched a new era of green climate investment in Jordan in collaboration with EBRD and Green Climate Fund. This $10 million financing package under the framework of the Green Economy Finance Facility will enable banks to invest in climate change and green technology.

“With this cooperation and appropriate moral and financial support, the Bank will be able to strengthen its partnership with the EBRD and continue and achieve the success story that has contributed significantly to Jordan’s economic growth over the past decades. .”

Over the past few years, Cairo Amman Bank has stepped up its activities and events aimed at spreading the green environment culture as it has taken on itself the dissemination and promotion of this culture in the local community.

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Cairo Amman Bank PSC I published this content on November 6, 2022 You are also solely responsible for the information contained therein.Distributor publicunedited and unchanged, on November 6, 2022 11:31:00 UTC.

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