$100m EBRD loan boosts Lebanese SMEs

The European Bank for Reconstruction and Development (EBRD) is providing a financial package of US$100 million to Société Générale de Banque au Liban (SGBL) for on-lending to small and medium-sized enterprises and to support export and import activity.

A US$50 million credit line will help provide medium-term funding for SMEs in Lebanon and will focus on regional outreach. The bank will support Lebanese exporters and importers with a US$50 million trade facility to SGBL under the EBRD's Trade Facilitation Programme.