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23 April 2012 Cairo © European Bank for Reconstruction and Development 2010 | www.ebrd.com Introduction to the EBRD and its Mandate in Egypt Rudolf PutzFrancis.

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Presentation on theme: "23 April 2012 Cairo © European Bank for Reconstruction and Development 2010 | www.ebrd.com Introduction to the EBRD and its Mandate in Egypt Rudolf PutzFrancis."— Presentation transcript:

1 23 April 2012 Cairo © European Bank for Reconstruction and Development 2010 | www.ebrd.com Introduction to the EBRD and its Mandate in Egypt Rudolf PutzFrancis Malige Deputy Director Financial InstitutionsDirector Financial Institutions Head of Trade Facilitation Programme Mediterranean and Ukraine

2 2 What is the EBRD? International financial institution Owned by 63 countries and two inter-governmental institutions Created 1991 to promote the transition to advanced market economies of countries from central Europe to central Asia In 2011, expanded operations to the southern and eastern Mediterranean (SEMed) including Egypt, Jordan, Morocco and Tunisia Capital base of €30 billion* Cumulative commitments: €71bn * Total equity as at 31/12/2011: €13.3bn, includes €3bn called capital. Additional callable capital €27bn

3 3 EBRD: Shareholding Structure and AAA Rating As at 1/9/2010; percent (1) Includes European Community and European Investment Bank (EIB) each at 3%, France, Germany, Italy, and the UK each at 8.6% (2)Includes Russia with 4% EBRD is rated AAA by S&P, Moody’s and Fitch

4 4

5 5 2011 Annual Business Volume by region Cumulative commitments €71.1 bn

6 6 A broad range of products for banks Loans to support corporate / SME (investment and working capital) and retail business (senior unsecured) Trade Facilitation Programme (TFP) Syndicated facilities under EBRD A/B structure Donor-supported lending programmes: for SMEs, for municipalities, for energy efficiency and for environmental projects Mortgage lending Structured products (securitisation, asset-backed bonds) Subordinated debt Equity

7 7 Geographic Expansion of the Bank 2011 decision to expand operations to Egypt, Morocco, Tunisia and Jordan Currently in the shareholder ratification process Use of Technical Co-operation Funds in the region is already approved; a number of projects under way Temporary offices in Egypt, Morocco and Tunisia are already in place. Jordan will open on 25 April 2012. Senior banking representatives are acting as heads of offices Investable funds should be available from the summer Mid-term target: €2.5 to 3bn annual investments in the southern and eastern Mediterranean region Full operations to start in 2H 2012

8 8 Operational Priorities in Egypt Development of financing of private enterprises Modernisation of agribusiness value chain Modernisation of financial sector Increase in energy efficiency and in the use of clean energy Mobilisation of private sector infrastructure investment Development of a more decentralised municipal infrastructure Boost job creation and economic competitiveness and growth

9 9 Modernising the Financial Sector Key objectives Broaden financial access for SMEs and individuals Deepen financial intermediation by addressing impediments to the extension of private sector credit, including the lack of credit information and the high cost of underwriting and servicing Develop new forms of financing Contribute to reducing state participation in the banking sector Enhance the banking system’s capacity and diversify the range of products offered

10 10 Why choose EBRD in financial institutions Responsive to customer needs and flexible in approach to financing Successful track record in deal-making 108 dedicated professional staff A business model combining specialists in financial institutions with a commercial background, extensive regional knowledge and on-the ground presence Continued dialogue and support throughout the project life EBRD provides value

11 11 Financial Institutions Portfolio – Bank Equity & Debt Financial Institutions Portfolio €bn, 1994-2010 Equity and debt products tailored to client needs Over 320 client relationships Currently 51 equity investments in 25 countries A track record of successful exits and strong IRRs A comprehensive trade finance network and facilities Major provider of medium to long term funding to be on lent to local SMEs. Over 220,000 sub-loans Areas of growth: –energy efficiency loans –mortgage financing –co-financing Equity in banks Bank debt Total operating assets

12 12 Partner Bank Selection Criteria TFP issuing banks Acceptable credit standing Diversified loan portfolio; limited lending to related parties Transparent ownership structure Integrity of owners and management Corporate governance Money laundering procedures Environmental due diligence Readiness to develop trade finance business with local importers and exporters Partnership spirit

13 13 Small Business Support (SBS) Capital funding is vital… but only part of the success Business expertise is the catalyst SBS helps MSMEs access bespoke advice on a co-financing model > 12,000 projects to date in 23 countries of operations –Enterprise Growth Programme (1,870) –Business Advisory Services (10,200) –Market development activities (595) More than 25% of assisted enterprises secure external investments in the following year (total €1.45bn) Being rolled out in Egypt

14 14 Supporting Women in Business Example from the South Caucasus Key achievements of the Women in Business programme for the South Caucasus:  Over 100 projects to enable women entrepreneurs to access advisory services (almost half in rural areas)  Majority of projects developed MIS (41%) and marketing (37%) mainly in the services sector (fashion, tourism, retail and IT)  91% of projects rated “successful” or better in improving business performance and enhancing competitiveness  On average, companies increased turnover by 56%, improved productivity by 29% and increased employment by 23% In 2009, BAS implemented a store card system that increased sales by 30% in this woman-owned enterprise in Georgia.

15 15 Your contacts in Financial Institutions Francis Malige Director - Financial Institutions Mediterranean and Ukraine maligef@ebrd.com +44 207 338 7047 maligef@ebrd.com Rudolf Putz Head of the Trade Facilitation Programme (TFP) putzr@ebrd.com +44 20 7338 7776 putzr@ebrd.com Oksana Pak Senior Banker- Financial Institutions Mediterranean and Ukraine pako@ebrd.com +44 20 7338 7338 pako@ebrd.com Marco Nindl Associate Banker, TFP nindlm@ebrd.com +44 20 7338 7614 nindlm@ebrd.com


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