EFG Holding Secures Up to $40 Million EBRD Loan to Expand SME Financing in Egypt
EFG Holding has secured a loan of up to $40 million from the European Bank for Reconstruction and Development (EBRD) to expand financing for micro, small and medium-sized enterprises (MSMEs) in Egypt, according to a statement from the group.
The four-year loan includes a one-year grace period, according to EBRD data. The facility is designed to increase access to financing for small and medium-sized businesses, particularly those operating in sectors and regions facing funding gaps. It will also support liquidity and working-capital needs.
The financing represents the EBRD’s first direct facility extended to EFG Holding at the holding-company level. EFG Holding’s board approved the final terms and conditions of the loan agreement and related arrangements in August, including drawdown requests and other procedures required to implement the facility.
Longer-Term Financing
The EBRD said the facility will provide longer financing tenors than those generally available in the market and help address the financing gap facing Egyptian SMEs. The transaction also forms part of the bank’s response to the economic impact of the ongoing conflict in the Middle East.
The financing comes as EFG Holding continues to expand its banking and non-banking financial services businesses. The group reported total assets of EGP 260.7 billion at the end of June 2026, while operating revenues reached EGP 6.5 billion in the second quarter, up 7% year on year.
Net profit after tax and minority interests stood at EGP 776 million in Q2 2026, while operating net profit reached around EGP 2 billion. Revenue growth was primarily supported by the performance of NXT Bank.
NXT Bank and Non-Banking Finance
NXT Bank, EFG Holding’s banking arm in Egypt, remains one of the group’s key growth drivers. Its total loan portfolio reached approximately EGP 56 billion at the end of Q1 2026, while total assets stood at EGP 109.9 billion, according to the group’s results presentation.
EFG Holding’s non-banking financial services platform also includes Tanmeyah, which specializes in microfinance; EFG Corp-Solutions, which provides leasing and factoring services; and Valu, the group’s consumer-finance platform.
Expanding EBRD Partnership
Although the new facility is the first direct financing provided to EFG Holding at the parent-company level, it builds on an existing relationship between the EBRD and the group’s subsidiaries. The bank has previously provided financing to NXT Bank, Tanmeyah and Valu.
In June, Valu secured EGP 600 million in EBRD financing to support purchases of energy-efficient home appliances, solar-energy solutions and green technologies in Egypt.
In August, Valu also completed its first corporate bond issuance, raising EGP 1 billion. Over the previous 12 months, the company increased its available revolving bank credit facilities by EGP 16 billion, reaching EGP 25 billion in July 2026.