The European Bank for Reconstruction and Development is extending support to the Palestinian private sector and households through an US$8 million (€6.9 million equivalent) loan to Cairo Amman Bank Palestine. The funding is being provided under the EBRD’s Green Economy Financing Facility, a programme designed to expand access to finance for renewable energy, energy efficiency, water efficiency, and circular-economy investments.
Through this facility, Cairo Amman Bank Palestine will on-lend the funds to private sub-borrowers, including micro, small and medium-sized enterprises as well as residential clients. The financing will support a wide range of small-scale green projects, such as solar systems, efficient water technologies, resource-saving equipment, and upgrades that reduce energy use. It will also help strengthen local supply chains for green technologies, making sustainable solutions more accessible across the Palestinian market.
The initiative is backed by the EU-EBRD Sustainable Growth4All Programme, which is providing a full package of technical assistance and investment grants. This support includes expert guidance to help implement the programme and grants that may cover up to 25 per cent of the investment cost for eligible MSMEs and households, making green upgrades more affordable and easier to adopt.
Gretchen Biery, EBRD Director for the Eastern Mediterranean Region, said that the new facility marks another step forward in the organisation’s partnership with Cairo Amman Bank Palestine. She noted that the programme will contribute to a greener and more resilient Palestinian economy, and expressed appreciation for the European Union’s technical assistance and grant support, which further strengthens shared sustainability goals.
Joseph Nesnas, Deputy General Manager and Regional Manager of Cairo Amman Bank Palestine, highlighted the value of the long-standing relationship between the bank and the EBRD. He explained that the newly extended facility will help accelerate green investment among MSMEs and households and reinforce CABP’s commitment to sustainable finance. He also thanked the European Union for its consistent support in advancing economic development in Palestine.
Cairo Amman Bank Palestine plays a significant role in the country’s banking sector, offering services across retail, MSME, and corporate lending. It operates as part of Cairo Amman Bank in Jordan, which fully owns the Palestinian branch network. Since beginning its work in the West Bank and Gaza in 2017, the EBRD has approved 37 projects with a total value of €192.2 million, reflecting the organisation’s growing engagement in strengthening economic resilience and supporting sustainable development across the region.
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