Byblos Bank and the Green for Growth Fund Sign a USD 25 million Senior Loan AgreementSenior Loan Agreement • January 20th, 2018
Contract Type FiledJanuary 20th, 2018The GGF is a public-private partnership that contributes to enhancing energy efficiency and fostering renewable energies in the MENA among other areas, mainly through the provision of financing to businesses and households via partnering with financial institutions and direct financing. As the third largest bank in the country, Byblos Bank is an ideal partner for the GGF due to its strong position in the market and keen interest in providing environmentally friendly products. The GGF credit facility will complement the Bank’s current credit facilities and increase its lending portfolio. Energy savings are of particular importance to Lebanon as the country relies almost exclusively on oil imports for power production.